3 months ago our rent checks stopped being cashed. Now I found out that the house I'm renting is in default as of February. The mortgage company has come by looking for the owner. What do I do and how long do I have to do it in? I have tried numerous times to reach him via phone. His address is a PO Box.
2007-03-21 07:26:20 · 5 answers · asked by monzoclan 1 in Business & Finance ➔ Renting & Real Estate
Legally you are in a good position. There are two separate issues. One is the foreclosure and then next is the eviction. The new owner will not have a rental contract with you so it will take them an extra month on top of the usual two or three month eviction process.
I am assuming that you live in California. Each state has different laws.
Also the foreclosure process takes a minimum of four months and frequently longer. But the owner can evict you regardless of the foreclosure if you do not pay him the rent.
2007-03-21 07:42:27 · answer #1 · answered by hebb 6 · 0⤊ 0⤋
Sounds like maybe something happened to the owner(s). Unless it gets straightened out, the mortgage company will foreclose on the property. They will serve you or anyone else living in the house with an eviction notice. Start looking for a new place to live and in the mean time, I'd hold any further payments to the landlord. Maybe even stop payment on the uncashed checks.
2007-03-21 07:35:44 · answer #2 · answered by Sane 6 · 0⤊ 0⤋
I don't think you need to contact him- that's the bank's problem. You certainly can't force him to pay the mortgage. But the bank can put you out if the house is foreclosed, but usually that takes months. I'd start looking for other living arrangements as it seems he has problems and does not want to be contacted, and may in fact have already skipped town.
2007-03-21 07:32:40 · answer #3 · answered by GEEGEE 7 · 0⤊ 0⤋
you will possibly desire to consult him to work out how some distance that is into default. A month or 2? i might tell him you would be keen to pay hire directly to the indoors maximum loan or a minimum of the quantity it fairly is owed to the indoors maximum loan each month, thats in basic terms honest. this occurs plenty via the way, a good purchase. in case you like the abode you will possibly desire to do the above. in case you prefer to flow end paying, shop your funds and discover someplace else to hire. in case you end paying you will have some criminal consequences if the owner chooses to pursue them it fairly is very not likely if its relatively approximately to be foreclosed on and relatively not likely a choose might part with him if he did % to pursue you. (those ARE MY comments and should not be CONSTRUED AS criminal suggestion OR in any different case)
2016-10-19 06:41:36 · answer #4 · answered by ? 4 · 0⤊ 0⤋
Well, just wait for the home to be sold. Then you will get an offer for you to move out, usually a renter is offered some money to help you move.
Just dont tell anyone that you still have your rent money in your bank.
2007-03-21 07:35:32 · answer #5 · answered by HA! HA! HA! 5 · 0⤊ 1⤋