My landlord is collecting rent on my apartment not paying her mortgage...
She is at the same time trying to sell the house. Can she do that? And what happens to my security deposit if she does manage to sell the house and the new homeowners want me to move?
Do you have a lease? If you do, then you don't have to move till your lease is up. At that time, the new owner would return your security deposit. The owner of the property can collect the rent and sell the property and yes, even not pay the mortgage. Is the house being sold as a "Short Sale"? If so, the seller could be having financial issues and can't pay the mortgage. It's hard to give you info without knowing the whole story. Good luck to you.
Your Security Deposit Should Be Transfered To The New Owners At The Closing. Its Pretty Standard. The Lawyer Closing The Transaction Will Handle This. If you have a lease you should be safe. The new owners have to honor the lease.
Yes, she can do whatever she wants with the money.
Your security deposit will be transfered to the new owners at the closing (if it sells)
Some banks offer CASH FOR KEYS which is a program to help renters of foreclosed properties to find new housing... They give you first and last months rent or a set amount to get you out of the building and into another one.
If you need help locating a new rental contact me anytime!!!
Clair F Bee II
518-724-5870
Keller Williams Realty Capital District
ClairBee@kw.com
http://www.ClairFBee.com
Didn’t find what you were looking for? Ask a question!
Ask a question
|
|
|
|
|||||||||||
|
|
|
|
|
|
Fair Housing and Equal Opportunity