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Old 02-27-2008, 04:57 PM
 
Location: Cape Coral
7 posts, read 8,687 times
Reputation: 10

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I'm renting a home and the owner is attempting to 'short sale' the house. Am I suppose to continue paying rent during this period? I keep getting different info. Help me!
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Old 02-27-2008, 07:09 PM
 
Location: Hernando County, FL
8,489 posts, read 17,078,776 times
Reputation: 5397
He still owns the home and you are still living there.
If you don't pay you can get evicted.
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Old 02-28-2008, 06:20 AM
 
Location: Cape Coral
7 posts, read 8,687 times
Reputation: 10
That is why I've paid my rent every month. That and the fact that I've never not paid my debts.

I've been advised that he can not qualify for a short sale unless he is behind on his mortgage. I'm paying my rent but he isn't paying his mortgage payment. He can't collect rent from me on a house that he isn't paying his mortgage payment. He also hasn't paid the taxes for 2 years.
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Old 02-28-2008, 07:05 AM
 
Location: Woodbridge Twp NJ
316 posts, read 1,102,300 times
Reputation: 60
Quote:
Originally Posted by Lisa Clark View Post
That is why I've paid my rent every month. That and the fact that I've never not paid my debts.

I've been advised that he can not qualify for a short sale unless he is behind on his mortgage. I'm paying my rent but he isn't paying his mortgage payment. He can't collect rent from me on a house that he isn't paying his mortgage payment. He also hasn't paid the taxes for 2 years.
are you a relative of the owner? do you have a lease with him and how much longer before the lease is up? how many payment did he miss? if you know!
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Old 02-28-2008, 07:36 AM
 
849 posts, read 3,108,411 times
Reputation: 197
Default I think

you need an attorney. Your second paragraph sounds like a bit of wishful thinking. Until the bank forecloses he has a right to the property. I'm not an attorney but you really need to check that with an attorney and if you don't have a lease there could be a problem.


Quote:
Originally Posted by Lisa Clark View Post
That is why I've paid my rent every month. That and the fact that I've never not paid my debts.

I've been advised that he can not qualify for a short sale unless he is behind on his mortgage. I'm paying my rent but he isn't paying his mortgage payment. He can't collect rent from me on a house that he isn't paying his mortgage payment. He also hasn't paid the taxes for 2 years.
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Old 02-28-2008, 08:24 AM
 
Location: Cape Coral
7 posts, read 8,687 times
Reputation: 10
I am not related to the owner. Never met him. I deal with a real estate firm that manages the property for him. He lives up north. I realize not paying the monthly rent is wishful thinking here, but, I will not do anything that would cause eviction. I just want to know what I should do, if anything.

I have a lease. Lease is up August 31, 2008.
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Old 02-28-2008, 08:30 AM
 
Location: Cape Coral
7 posts, read 8,687 times
Reputation: 10
I don't know how many payments he has missed. The real estate agent he is using told me when he came to put the sign out in the yard that one of the qualifications for short sale is 3 months behind on the mortgage. I don't know who is mortgage is with. Another appraiser recently came out to take pics, etc. 3 days later an agent that came out to show the house told me the price had been reduced $50,000.00 to $199,900.00. I've shown it almost every day since then.
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Old 02-28-2008, 09:03 AM
 
849 posts, read 3,108,411 times
Reputation: 197
Default Lisa, believe me

we understand your plight, but something is OFF here. The realtors financial responsibility is to her client, the homeowner, so you can't expect her to give you info that could harm him. You MUST get a lawyer.


Quote:
Originally Posted by Lisa Clark View Post
I don't know how many payments he has missed. The real estate agent he is using told me when he came to put the sign out in the yard that one of the qualifications for short sale is 3 months behind on the mortgage. I don't know who is mortgage is with. Another appraiser recently came out to take pics, etc. 3 days later an agent that came out to show the house told me the price had been reduced $50,000.00 to $199,900.00. I've shown it almost every day since then.
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Old 02-28-2008, 12:01 PM
 
Location: Hernando County, FL
8,489 posts, read 17,078,776 times
Reputation: 5397
There are some here telling you to get a lawyer.
You can spend that money if you like but what is a lawyer going to do for you?

If you have paid first, last and security, tell the agent that is handling things that you would like to utilize the last months payment now. This way you are basically just paying month to month and you are getting what you originally signed for.

You are not out any extra money and you still have a place to stay. Why would you be able to stay there rent free?

I would also mention that they need to be giving you ample notice of showings. They are not allowed to just show up.
One more thing, if the home does sell, in most areas dependent upon how the lease was written you can not be thrown out by the new owner they need to abide by the current lease.
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Old 02-28-2008, 12:35 PM
 
Location: Tampa, FL
27,799 posts, read 23,945,314 times
Reputation: 14611
Tell the visitors to the house that you think there's a sinkhole under it. That ought to get you to the end of your lease.
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