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We moved into a Worcester, MA apartment in November. On March 3rd there was a live auction outside of our apartment house. It was sold to the bank. We had gone through a Property management company with very bad reviews (didn't find out until later). They did not make us aware of the forclosure at all, nor had we ever had contact with the actual property owner, ever. We weren't given any notice about the forclosure at all. We stopped paying rent to the property management company A man showed up from a mortgage company and advised us to stop paying rent. We still have no idea what bank owns this home or who to pay rent to if we even wanted to.
We decided that we want to move out of state. About 35 minutes from here. We have been looking at apartments and we think we found one we love so much more in a much safer location. We feel that this forclosure is a blessing in disguise.
Question 1: If we move out, are we still bound to the lease that we signed with the previous property management company that has nothing to do with this home now whatsoever? They no longer answer maitenence calls, nor have they asked for any further money.
Question 2: If we leave here, what do we do with our keys? There is nobody on the 3rd floor anymore. Their apartment is locked and unoccupied.
Question 3: If we do leave and move somewhere else, could the bank try to contact us and force us to pay money according to the previous lease if they find it?
Question 4: When we do leave, who do we tell? If anyone?
Question 5: Could we end up on an eviction list if we up and leave before the bank tries to contact us?
I'd first find out who owns it now. Info should be available at the county corthouse, Recorder of Deeds office or something similar. Then contact that bank and see what they've got to say. Even if you aren't paying rent anywhere right now, I'd just tuck it away because the day of reckoning will probably come.
I'd agree. At some point, someone is going to figure out that they have tenants and need the lease money. I'd be stashing the money as well, because that day will probably come.
I can't speak for bankruptcies, but leases continue on in the case of a sale. I'd expect they would in a bankruptcy too.
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