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Yes, my lease ends in 4 months.....I am just concerned about being evicted by bank if auction goes through......hopefully they will file bankruptcy so this will not affect me until after I move.....such deadbeats
Yes, my lease ends in 4 months.....I am just concerned about being evicted by bank if auction goes through......hopefully they will file bankruptcy so this will not affect me until after I move.....such deadbeats
There aren't a lot of investors willing to buy an owner occupied home in a foreclosure auction. Most of them go unsold. Bank ends up having to go through eviction process themselves. All of that is going to take a lot longer then 4 months.
If the price is low enough and it does sell at auction, it'll still take over 4 months to evict you. At that point though, someone else owns the home, so I would stop paying rent.
There aren't a lot of investors willing to buy an owner occupied home in a foreclosure auction. Most of them go unsold. Bank ends up having to go through eviction process themselves. All of that is going to take a lot longer then 4 months.
If the price is low enough and it does sell at auction, it'll still take over 4 months to evict you. At that point though, someone else owns the home, so I would stop paying rent.
Bad advice. The change of ownership does not give the tenant the right to stop paying rent. If she stops paying rent to the new owner, you can be sure that she will be evicted quite quickly. She could also be sued for back rent.
I read that the referree in the foreclosure should be paid....not sure though.....I do not want to be paying them and find out I should have been paying the bank bc they no longer own the house
I would contact the referee or the Court and ask about it.
At any rate, if your apartment is illegal, I do not think the contract is enforceable but I don't think a renter should get to live there for free either.
If it were me, I would feel better dealing with the foreclosure authorities and doing what they say about paying rent.
Bad advice. The change of ownership does not give the tenant the right to stop paying rent. If she stops paying rent to the new owner, you can be sure that she will be evicted quite quickly. She could also be sued for back rent.
I wasn't clear. I meant to stop paying rent to the ex-owner.
If the new owner is willing to accept rent and reneogitate the lease good for OP then.
Yes, my lease ends in 4 months.....I am just concerned about being evicted by bank if auction goes through......hopefully they will file bankruptcy so this will not affect me until after I move.....such deadbeats
Take your time, the bank certainly will. It may take years before anyone gets around to evicting the owner and you. Lenders often will pay a tenant to leave when the time finally comes.
OP, something not mentioned is don't expect to get your security deposit back, either from the landlord or, and especially so since the apartment is illegal, the final foreclosure owner.
OP, something not mentioned is don't expect to get your security deposit back, either from the landlord or, and especially so since the apartment is illegal, the final foreclosure owner.
Sorry.
I wouldn’t let that slide. If a deposit was paid, and there is a written lease, and someone buys the property, it comes with all the encumbrances. The deposit should be refunded. If not, sue in small claims court.
I wouldn’t let that slide. If a deposit was paid, and there is a written lease, and someone buys the property, it comes with all the encumbrances. The deposit should be refunded. If not, sue in small claims court.
Now if it’s a verbal lease all bets are off.
The weasel word position is "illegal apartment". It's likely a sure thing the owner doesn't have the money. Can an illegal encumbrance be passed on to the, most likely, bank?
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