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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Give yourself the gift of doing what's right... Posted by Ward-CA- on October 29, 2003 at 5:44 PM In Reply to: renting and property is in the process of forclosure posted by Amy on October 28, 2003 at 4:57 PM : : We have been renting for 9 months. We found out 4 months ago that the owner of the property is in the process of being forclosed. We contacted a real estate agent and immediatly began looking for a home. We have gotten some info from the agent reguarding the property, as we were trying to do a quick sale. Seems that the owner is behind at least 9 months or more. : We have decided to purchase another property as this was not a good buy, for he owes to much. My question is this. Since we feel he has broken the lease and ultimatly entered into the lease fraudulently, Do we owe him rent. We have not paid him for the last two months, as we needed to find a place to live and thus this cost money, ie) down payment, closing costs and prepaids. We feel he does not rightfully get this money as the property is going into forclosure and we would eventually be asked to leave. What are our rights and what is the right thing to do. This guy is a fraud he owes everyone and now is jobless and has been living off our money. HELP!!!!!!!!! -=-=-=-=-=-=- Amy, There's no law that excuses the payment of rent because the property is in foreclosure. I'll bet there's no clause in your rental agreement that allows you to suspend the payment of rent if the property goes into foreclosure. You are getting the benefits you bargained for while living in the owner's property and you should uphold your bargain. What would you expect if your roles were reversed and you were the owner in default?? Would you countenance the attempt of your tenant to try to take advantage of you? I think not. So kiddo, resist the opportunity to cause your owner more anguish and do the right thing, the honorable thing...keep to your bargain and make yourself proud of you. Hope this helps. Follow Ups: hoodia Harry Juna 6:17 PM, 02/03/05 (0) Post a Followup: Name : E-Mail : Subject : Comments: : : : : We have been renting for 9 months. We found out 4 months ago that the owner of the property is in the process of being forclosed. We contacted a real estate agent and immediatly began looking for a home. We have gotten some info from the agent reguarding the property, as we were trying to do a quick sale. Seems that the owner is behind at least 9 months or more. : : We have decided to purchase another property as this was not a good buy, for he owes to much. My question is this. Since we feel he has broken the lease and ultimatly entered into the lease fraudulently, Do we owe him rent. We have not paid him for the last two months, as we needed to find a place to live and thus this cost money, ie) down payment, closing costs and prepaids. We feel he does not rightfully get this money as the property is going into forclosure and we would eventually be asked to leave. What are our rights and what is the right thing to do. This guy is a fraud he owes everyone and now is jobless and has been living off our money. HELP!!!!!!!!! : -=-=-=-=-=-=- : Amy, : There's no law that excuses the payment of rent because the property is in foreclosure. I'll bet there's no clause in your rental agreement that allows you to suspend the payment of rent if the property goes into foreclosure. : You are getting the benefits you bargained for while living in the owner's property and you should uphold your bargain. What would you expect if your roles were reversed and you were the owner in default?? Would you countenance the attempt of your tenant to try to take advantage of you? I think not. : So kiddo, resist the opportunity to cause your owner more anguish and do the right thing, the honorable thing...keep to your bargain and make yourself proud of you. : Hope this helps. Optional Link URL: Link Title: Optional Image URL: [ 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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