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    twalcott's Avatar
    twalcott Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Dec 22, 2006, 11:49 AM
    House foreclosure rent money due
    I am a landlord and my investment property is in the 1st stage of foreclosure. I am looking to reinstate it, but my tenants are refusing to pay rent until they find out what is going on. Can they withhold money? Can they live there rent free because of the situation? Please advise.
    RickJ's Avatar
    RickJ Posts: 7,762, Reputation: 864
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    #2

    Dec 22, 2006, 12:04 PM
    No they cannot. You treat them exactly as you would if the property were not in foreclosure. I strongly suggest you give them the proper eviction notice that is required by your state landlord tenant laws.
    mr.yet's Avatar
    mr.yet Posts: 1,725, Reputation: 176
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    #3

    Dec 22, 2006, 12:47 PM
    RickJ is correct each tenant has a contract with you and they are bound by that.
    lawshark's Avatar
    lawshark Posts: 2, Reputation: 1
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    #4

    Oct 24, 2010, 02:16 PM
    Yes, what they said above is correct, but what about your contract with the mortgage company? Why should you get free rent and yet expect them to pay. Isn't that hypocritical?
    lawshark's Avatar
    lawshark Posts: 2, Reputation: 1
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    #5

    Oct 24, 2010, 02:16 PM
    Yes, what they said above is correct, but what about your contract with the mortgage company? Why should you get free rent and yet expect them to pay. Isn't that hypocritical?
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