View Full Version : Foreclosure notice
Ravenbeauty
Jul 30, 2007, 12:53 PM
Do I have to pay rent where a property has received a foreclosure letter from the court?
ebaines
Jul 30, 2007, 12:54 PM
Please clarify - are you currently leasing an apartment and you received a foreclosure notice? What's the reason - is it because the landlord has defaulted on his mortgage and/or real estate taxes?
Ravenbeauty
Jul 30, 2007, 01:02 PM
I am leasing an apartment and the owner has received a foreclosure on the propery
Ravenbeauty
Jul 30, 2007, 01:06 PM
I am leasing an apartment and the owner has received a foreclosure on the propery
Am I required to still pay rent?
ebaines
Jul 30, 2007, 01:07 PM
I would expect that once the foreclosure takes effect you will start paying rent to the new owners - i.e. the bank. I believe they will have to honor the terms of your current lease, at least up through the end of the term - whether they agree to renew or not is a different manner. The new owners should contact you regarding payment terms, etc.
Ravenbeauty
Jul 30, 2007, 01:09 PM
Am I required to still pay rent?lLandlord has not paid the mortgage and has now been serviced with foreclosure notice
Ravenbeauty
Jul 30, 2007, 01:12 PM
Before there are new owners of the propery do I have to pay the old owner rent until the foreclosue process is over?
ebaines
Jul 30, 2007, 01:22 PM
I would suggest you pay the old landlord per the terms of your lease agreement until you hear otherwise. The foreclosure notice was not directed to you, so until someone gives you new payment instructions you are not authorized to send payments anywhere else. Be sure to keep copies of any receipts, check stubs, etc. in case the bank comes to you later for proof that you paid the old landlord.
Ravenbeauty
Jul 30, 2007, 01:26 PM
The foreclosue notice lists tenants and John and Jane doe as giving us notice of the foreclosue also. Can I just break my lease legally and move to another apartment?