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    markmszymanski's Avatar
    markmszymanski Posts: 1, Reputation: 1
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    #1

    Mar 11, 2010, 04:54 PM
    Landlord is not paying mortgage and apartment is in foreclusure should I pay rent?
    I just got a visit from a gentleman who said that the building I live in is under foreclosure. The sheet of paper says that the landlord has 20 days and that they need to contact the bank/banks laywers in writing. I called the landlord and she said she is not paying because she wants to refinance her mortgage.

    If I pay my landlord the 575 rent and the bank takes over halfway through the month, am I entitled to get back half of the rent I paid? Or should I not even give her the rent until I know what happens? I only have 2 months rent left and I also have a security deposit of one month to get back. I just don't want to give this lady a months rent if she is not going to own the place the entire month? Anybody know how this works?
    Fr_Chuck's Avatar
    Fr_Chuck Posts: 81,301, Reputation: 7692
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    #2

    Mar 11, 2010, 05:46 PM

    The bank will take months after the notice normally to actually foreclose, and the owner still owes it till the day they have the foreclosure sale ( or it is foreclosed on by another method allowed in your area.

    If you don't pay rent, the landlord can merely evict you and rent to someone else

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