Debbie5654
Mar 13, 2008, 10:19 AM
My brother has been renting a house through a management company , He was just served a summons that the property he is renting is being forclosed and he has 20 days to respond to this action. Apparently the payments have never been made on this property and the builder has been renting out 12 propertys one of the investors passed away and they are trying to liquidate the 12 propertys. Shouldn't the management company told him before he rented what was going on? And who pays his security and expenses being he has 20 days to comply the amount owed is 252,000 which the home is not worth. Wouldn't a bank prefer to rent a home then to have it forclosed?What about security deposit?