2007-02-19 03:06:47 · 10 answers · asked by Desperate Renter 1 in Business & Finance ➔ Renting & Real Estate
1- buy it
2- wait until it goes up for auction and see if the new owner will allow you still rent from them. (This happened to us ages ago, it was a duplex and both sides were rented to the same 2 families for years. There was no reason for the new owner to kick out these families as they were just going to keep the duplex as a rental property anyway. By keeping both tenants in their apartments, the new owner was assured renter income right away and not have to worry about finding new tenants.)
Waiting until it's auctioned though, could be a stressful and difficult position to be in. What if the new owner doesn't want to keep it a rental property? What if he does, but he's going to rent it to family or friends? Then you have to find a new place live ASAP. I would look into other options now and see what's available to you.
2007-02-19 03:18:47 · answer #1 · answered by trinity_essence_of_femininity 3 · 0⤊ 0⤋
Your lease is only valid with the current owner. The bank won't come in and take your things, however you may want to start looking for anothe place soon so that you don't get stuck "having" to move on short notice,
2016-05-24 08:58:47 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Pack your bags.
unless you can afford to buy it, you may have a minor claim if you have a lease, or the amount could be deducted from your previous payment a bank or mortgage company really do not care where the money comes from they just want it .
It may be advantageous for you to look into it, some a re very reasonable and quite affordable.
i would look in ti it, if your interested
2007-02-19 03:12:37 · answer #3 · answered by t-bone 5 · 0⤊ 0⤋
If you have a contract and you deposited money then you can get a lawyer to collect some money from the owner if you deposited. Now if the owner cant pay then youd have to find another house to rent. Man, that sucks.
2007-02-19 03:13:13 · answer #4 · answered by digileet 2 · 0⤊ 0⤋
You try to buy it, why would you NOT have that thought? Find out how much he owes on the house and "do him a favor" and buy it for 10k under what he owes or at least start there, don't' pay more than 5k over what is owed, use your brain!
2007-02-19 03:12:14 · answer #5 · answered by Anonymous · 0⤊ 0⤋
3 options: wait and see if the owner gets it out of foreclosure. 2. Go find out who has the deed on it and buy it for the amount still owed. 3 Move before you end up on the street.
2007-02-19 03:10:16 · answer #6 · answered by dtwladyhawk 6 · 0⤊ 0⤋
I agree with the guy above me. i would start looking for another place to live. there is nothing you can do as a renter.
2007-02-19 03:12:37 · answer #7 · answered by johnnyleadguitar 2 · 0⤊ 0⤋
You Move! Thats why I finally bought my own home!
2007-02-19 03:10:53 · answer #8 · answered by peachiepie 7 · 0⤊ 0⤋
you need to move
2007-02-19 03:09:36 · answer #9 · answered by Anonymous · 0⤊ 0⤋
ur screwed
2007-02-19 03:09:02 · answer #10 · answered by Anonymous · 0⤊ 0⤋