We are going to have to move and pay a bunch of money to get a new place, and I just wanted to know if we can not pay rent for a while to compensate for our future losses.
2007-12-04 04:35:48 · 4 answers · asked by Rick Thornton 1 in Business & Finance ➔ Renting & Real Estate
The above answerers are correct in a legal sense. I would add, however, that the likelihood of your landlord filing an eviction action against you when he is in foreclosure is minimal. I would withhold the rent and put it in a savings account. DO NOT SPEND IT. If you get sued, pay the rent and prepare to move as soon as possible. If you do not get sued, move as soon as possible.
I have seen this happen many times as I work in the foreclosure industry. It isn't the best course of action in the legal sense, but you have to protect yourself.
2007-12-04 04:45:16 · answer #1 · answered by Anonymous · 1⤊ 1⤋
No. You are legally bound to pay rents to the current owner until he no longer owns the property involved. If you do not pay, you can be taken to small claims court for payment by the current owner.
2007-12-04 04:42:36 · answer #2 · answered by acermill 7 · 0⤊ 0⤋
whether or not your landlord keeps his contractual obligation to the bank that does not mean you dont have to pay rent.
Unfortunately if you dont pay he can sue you even though he isnt paying his.
I would suggest contacting Legal Advice immediately on this issue as it varies from state to state.
2007-12-04 04:41:25 · answer #3 · answered by brandonlahman 4 · 0⤊ 1⤋
sorry but you can not live for free. Sounds good but does not work that way in real life
2007-12-04 04:44:03 · answer #4 · answered by Anonymous · 0⤊ 0⤋