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Foreclosure in Gallatin County : Real Estate Advice

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Activity 4
Mon Jan 12, 2015
Michael Johnson answered:
Brock,

If you give the address, I should be able to look up the house and send you any available pictures. No address was given in your search.

-Michael
0 votes 1 answer Share Flag
Thu Feb 23, 2012
Joanna Jensen answered:
Hi Tina,

Your landlord is most likely working with his lender.

I just helped my client get a $250k principal reduction with Chase which allowed them to keep their rental.

Depending on when you signed your rental agreement and how long it is for, you may be safe no matter what.

In CA where have a renters in foreclosure protection if the renter signed a lease before the home went into foreclosure and the lease is for 2 years or 3 years etc and the home sells the new owner has to honor the lease.

You have to make the payments thought no matter what. Typically what will happen is the lender wants proof the landlord has ability to pay and is looking at their bank statements. If you don't pay, they won't get approved. Additionally if you don't pay you will get evicted.

The economy is a mess. Homes are considerable underwater. I know some are not getting paid onetime and some are vacant. Work with the owner and you should be fine.
... more
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Fri Nov 13, 2009
Michael Schreiner answered:
RS- Along with all the other avenues that have been posted; there is the option of a Deed in Lieu of Foreclosure, I attached a link for you to read up on if you so choose. I am not an attorney so please take this as friendly advice and not legal advice.

Best of Luck, Michael
... more
0 votes 6 answers Share Flag
Thu May 28, 2009
Bryce Sullivan answered:
Here is contact information of a well reputable Real Estate Law Firm in Bozeman:

Tim Fallaw
Rodney Schwasinger
517 South 22nd, Suite 2
Bozeman, MT 59718
(406) 587-2110
schwasingerlaw@hotmail.com ... more
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