can you collect rent on a closed mortgage?

Asked by Business, Milwaukee, WI Tue Oct 12, 2010

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Patrick Thies’ answer
Patrick Thies, Agent, Anytown, IL
Tue Oct 12, 2010
You may need to clarify your question. Not exactly sure what you are asking here. If you mean can a landlord continue to collect rent from a tenant on a foreclosure or paid loan, the answer is yes. What the landlord does with the rent money has nothing to do with the lease signed by the tenant. The tenant has agreed to pay $XXX for XX months. If the tenant stops paying rent, they are then in breach of the lease.
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