Question Details

Fran Kinion, Real Estate Pro in Stow, OH

What do you do when you find out your landlord hasn't been making the mortgage payments that you have been?

Asked by Fran Kinion, Stow, OH Sat Jun 28, 2008

paying on time every month and he is now talking to you about how to negotiate a short sale. Shouls I take the listing and break my lease with him, which is valid through Dec. 31, 2008.

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Fran,

The lease is most likely going to be broken when your landlord ends up in Foreclosure. I would take the listing and do your best to help him, but inform him that he is going to let you out of the lease just as soon as you find something else. I'm sorry that you have to deal with this.

I wouldn't send him another check either. People who are in poor financial situations often will not have retained your deposit and will not be able to return it to you. I hope that helps.

Cameron Piper
Web Reference: http://www.campiper.com
1 vote Thank Flag Link Sat Jun 28, 2008
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