Foreclosure in Dania>Question Details

Unfair09, Other/Just Looking in Dania, FL

SHOULD MY LANDLORD EVICTED ME IF THEY ARE IN THE FINAL SALE OF THE FORCLOSURE?

Asked by Unfair09, Dania, FL Thu Aug 6, 2009

WHY SHOULD I PAY THE RENT IF THE BANK IS TAKING THE PROPERTY BACK? THEY SAID THEIR DOING A MODIFICATION BUT IT'S NOT APPROVED. WHAT DO I DO?

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3
Yes, they should if you are not paying the agreed rent.
0 votes Thank Flag Link Thu Feb 4, 2010
Hopefully nothing will go wrong with your rental. If you aren't paying rent, then what incentive does the landlord have to make things work. If you don't pay, then you are in default. He can report it to th ecredit reporting agencies. And if you want to rent somewhere else, you couldn't use him as a reference. Now what you could do is to renegotiate the rent...lower...banks like you in there because your keeping vandels away. Good luck.
0 votes Thank Flag Link Thu Feb 4, 2010
You should pay your rent because you signed a lease and in so doing gave your good word. The owner has to work with his bank to save his property. By you stopping to pay your rent you make it harder for him.
You will have new rights by law---

New Renters’ Rights in Foreclosure

According to Consumer Action, renters must now be allowed to remain in their homes for the duration of their lease – even if the home is being foreclosed on. President Obama signed the Protecting Tenants at Foreclosure Act 2009 (S.896) into law on May 20.

The new law provides renters with a minimum of 90 days notice before a tenant must vacate a property. If a buyer plans to use the property as his primary home, or the tenant’s lease is month to month, or there is no lease at all, the tenant is entitled to at least 90 days notice.

If there is a lease, tenants will be allowed to stay for the duration of the lease before evictions can proceed. If a state offers greater protections to renters, the law allows the stronger protections to apply. These new renters’ rights also apply to Section 8 tenants.

The new tenant protections are effective immediately and expire December 31, 2012.

Phil Moody
0 votes Thank Flag Link Thu Aug 6, 2009
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