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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Re: A concerned renter... Posted by Ferris Bueller on April 16, 2008 at 2:03 PM In Reply to: A concerned renter... posted by Ryan on April 15, 2008 at 11:51 AM Maybe instead of paying such cheap rent and letting the guy go down the drain you could call him and see what your options are. : I'm currently renting a SFR in CA. I have a suspicion that the home owner is falling behind on his mortgage and might walk away (call it intuition). There hasn't been a NOD filed yet, but it may be on the horizon. : My questions are: : 1.) If the owner does receive a NOD, can I stop paying rent and try to recoup my damage deposit and last month rent UNTIL the NOD is rescinded? : 2.) If the owner stops paying the mortgage, is it a breach of my lease contract? : Any reference on this subject would be great! This is my first stop before spending $$$$$ on a legal advice. : My rent is WAY too cheap for the area I live in. I'm putting a Request for Notice on ALL liens for this property in case the home goes into default. There is NO equity in the house and there is NO way his mortgage, taxes, HOA, etc. can cover what I'm paying for rent. : THERE IS JUST NO WAY! Until then, I'll continue to pay rent as outlined in my lease agreement... : Advice please? : Thanks, : Ryan Follow Ups: Post a Followup: Name : E-Mail : Subject : Comments: : Maybe instead of paying such cheap rent and letting the guy go down the drain you could call him and see what your options are. : : : I'm currently renting a SFR in CA. I have a suspicion that the home owner is falling behind on his mortgage and might walk away (call it intuition). There hasn't been a NOD filed yet, but it may be on the horizon. : : My questions are: : : 1.) If the owner does receive a NOD, can I stop paying rent and try to recoup my damage deposit and last month rent UNTIL the NOD is rescinded? : : 2.) If the owner stops paying the mortgage, is it a breach of my lease contract? : : Any reference on this subject would be great! This is my first stop before spending $$$$$ on a legal advice. : : My rent is WAY too cheap for the area I live in. I'm putting a Request for Notice on ALL liens for this property in case the home goes into default. There is NO equity in the house and there is NO way his mortgage, taxes, HOA, etc. can cover what I'm paying for rent. : : THERE IS JUST NO WAY! Until then, I'll continue to pay rent as outlined in my lease agreement... : : Advice please? : : Thanks, : : Ryan [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

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