Asked by Jewel, Minnesota • Sat May 9, 2009
We recently were served with paperwork that our landlord didn't pay the mortgage and the home is going to the sheriff sale in May. She told me it was no big deal as she was trying to get the bank to lower the interest rates and terms on her mortgage and that she was working with an attorney who advised her to do this.
I suggested a price we were willing to offer as a short sale, but she told me the realtor said she didn't have to accept that.
So now it has been on the market for almost two weeks, no sign, no lockbox and we have to move out.
Can anyone shed light on what might be happening? It just doesn't make sense.
And, should we be paying anymore rent to her? I paid May rent and she says I don't have to pay June. Or does the bank own it. The listing says bank owned. I'm so confused. I would just like to try and figure out what could possibly be happening as she is not acting like a motivated seller.
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