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A friend of mine in Cali rented a home and the owner got foreclosed on.
They let him stay rent-free in the home for the remainder of the lease, (which was nearly a year!), and when it came up, they offered a rent-to-own solution so they didn't have to post/sell the house.
Thank you.
I've seen people, first hand, living in their home for going on 12+ months now and not paying a dime in mortgage. Renters sitting there living in a home in 90024...long foreclosed on the Owner but not a peep from anyone.. They write a check every month. It just doesnt get cashed....
I know an individual who was 6 or 8 months behind on the mortgage. They finally foreclosed on it and she left. A Condo. 1 year later the place is sitting empty and it is not on the market. Empty. She has the key and it works.
So it may get foreclosed but that doesnt mean its going to sell.
Move out and then back in if you wish. But you better hope you don't have any maintenance issues. Or any other problems crop up that might expose your theft.
Move out and then back in if you wish. But you better hope you don't have any maintenance issues. Or any other problems crop up that might expose your theft.
What did you misunderstand? The OP was being advised to move out and then sneak back in. I was pointing out the fact that they would not be able to get anything repaired or something unforseen might crop up that would expose the fact they are living there illegally. Renters insurance would probably be voided since they weren't on a lease.
I was just trying to tell the OP that what others are suggesting is a bad idea.
What did you misunderstand? The OP was being advised to move out and then sneak back in. I was pointing out the fact that they would not be able to get anything repaired or something unforseen might crop up that would expose the fact they are living there illegally. Renters insurance would probably be voided since they weren't on a lease.
I was just trying to tell the OP that what others are suggesting is a bad idea.
The confusion was not knowing to whom you were responding since you didn't provide the appropriate quote. Of course we're on the same page but it's always wise to quote the post you're disagreeing with to save confusion. Unbunch your knickers, all is well!
The confusion was not knowing to whom you were responding since you didn't provide the appropriate quote. Of course we're on the same page but it's always wise to quote the post you're disagreeing with to save confusion. Unbunch your knickers, all is well!
Well, I probably should have. But the original suggestion came from one person and then others chimed in that seemed to agree with the idea or offer anecdotes about how others had gotten away without paying, so I was just making a general reply to the topic as a whole.
If the OP were looking to buy, this would be a good opportunity to jump on it. I'm sure the bank would be thrilled to unload very quickly.
If you are planning to do that phone consult do it first. You may want to NOT pay rent to the current LL, since they aren't paying it to the foreclosure co. Check w/ the legal specialist provided by STTresident, know your rights. Find out who you have to pay rent to.
Move out and then back in if you wish. But you better hope you don't have any maintenance issues. Or any other problems crop up that might expose your theft.
That is funny. A person is living rent free in a foreclosed unit and they expect someone else to fix the leaking sink. Yea, ok guys. This is why so many who bought are now "renting" again. it's destiny.
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