Home Buying in Detroit>Question Details

Debbie, Renter in Warren, MI

we have a sheiff's deed on house that we're renting.so we didnt pay rent since july,he claims he put a bid on it ,what can we do.

Asked by Debbie, Warren, MI Fri Aug 13, 2010

Help the community by answering this question:

Answers

4
Michael Warren’s answer
Hi Debbie

Consult with an attorney about your individual situation and circumstances.
Did you receive notice of the upcoming sheriff sale/auction or has that already taking place.
If the auction took place and the landlord had the highest bid, they should be able give you proof, a
recorded copy of the sheriff deed with the landlord being the party receiving the deed. This would be proof
they retained future ownership. If someone else (most likely their lender) received the Sheriff Deed at auction, the owner has 6 months to redeem the property at the auction sale price plus interest, fees, etc.
Most properties do not get redeem because the Sheriff Deed amount is higher than the property is worth in the current market. You could contact the attorney who is handling the foreclosure process for the lender to
find out the status of this case (if sheriff sale took place, winning bid amount, winning bidder etc.)
Again, consult with an attorney about your individual situation and circumstances.

Mike Warren
Keller Williams Realty
0 votes Thank Flag Link Sat Aug 14, 2010
good evening......you have the option of putting the rent money into an attorney's escrow account rather than paying the landlord if you feel more comfortable doing so..most of it will later be appropriated to whoever owns the home and protects you from defaulting on the lease..and keeps the roof over your heads..
best of luck to you
bob mcclure
mortgage one
brighton, michigan
0 votes Thank Flag Link Fri Aug 13, 2010
Is "he" the landlord?

Renters are getting stuck in this situation a lot these days. If the landlord can redeem the mortgage, you will be fine. But that is not likely.

I would consult an attorney.

There are programs that allow tenants to stay in the house after the foreclosure, but you do have to pay the rent to the bank.

A sherriff's sale does not likely remove your responsibility to pay the rent, though it might not be likely that the landlord will pursue you.
0 votes Thank Flag Link Fri Aug 13, 2010
Maureen Fran…, Real Estate Pro in Birmingham, MI
MVP'08
Contact
Pay your rent.

If you're renting, you pay your rent to the lawful owner.

Please see a lawyer for additional information.
0 votes Thank Flag Link Fri Aug 13, 2010
Don Tepper, Real Estate Pro in Fairfax, VA
MVP'08
Contact
Search Advice
Ask our community a question
Email me when…

Learn more

Copyright © 2014 Trulia, Inc. All rights reserved.   |  
Have a question? Visit our Help Center to find the answer