[clearday71]

I would really like to know where the rent money goes that we continue to pay, even though the landlord isn't paying his mortgage any more because the foreclosure process has begun, and it could take months to finalize. We're continuing to pay our rent to the management company, but is the mgmt co just pocketing the cash? Is it still going to the landlord? Seems like a bum deal to me. We're pursuing a short sale so that we can buy the place, but it seems a waste to continue to pay rent since it's not accomplishing anything.

[ScottGem]

First its not a good idea to piggyback your question on someone else's. This can lead to confusion. You should start a new thread. So I've moved your question to its own thread.

Sorry, but you are looking at this incorrectly. With the exception of CA, you really have no right to know what the landlord does with the rent you pay. Anymore then you would have the right to know what a car leasing company does with the payments you make or a store does with what you pay for products. As long as you are receiving the service that you pay for, then you are required to keep paying.

I can tell you the management company is not pocketing the money. They have a contractual obligation to pay what they collect to the landlord. Unless the mortgage holder has specifically told you that they are not getting any payments (which would be a breach of privacy), you really don't know that your rent payments are not going towards the mortgage. The foreclosure might be due to the mortgage payments being more than the rent you pay.