I just signed a twelve month lease on a house last month. Now, not only do I find out that the owner filed bankruptcy but that he has a lien on the house. My guess is the deposit I paid is gone but I feel like the owner knew this when he entered into the contract and basically took me for ride. Do I have any legal recourse? If anything, the stress that I am dealing with as the creditors are coming to me.
2006-12-26 04:24:32 · 3 answers · asked by Blitz 3 in Business & Finance ➔ Personal Finance
Send HIS creditors to him. They are not your creditors, you are simply renting. It takes a long time for forclosure, or a building to sell being in foreclosure. As long as you are not getting eviction papers, I would not worrk about it and I would stick to the contract you signed.
2006-12-26 04:33:19 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Since you are not the owner of the house, but the leaseholder, you are not responsible for the creditors claims. I don't know if you have any legal recourse as far as getting your deposit back or not. Even if you did sue for return of the deposit, you are behind all the rest of the owner's creditors trying to get a piece of the pie.
2006-12-26 12:34:41 · answer #2 · answered by lynda_is 6 · 0⤊ 0⤋
Please don't be opening your landlord's mail. If creditors are knocking on the door, they really shouldn't be even telling you his credit issues. And as the other poster said, as long as you're not getting notices of eviction, don't really worry about it.
You have a signed 12 month lease with him, for you to be able to live there. So far, he has held up his side of the contract.
2006-12-26 13:20:29 · answer #3 · answered by teran_realtor 7 · 0⤊ 0⤋