Landlord stopped paying mortgage and stopped foreclosure by filing bankruptcy, can I leave?
December 27th, 2008 | by bpac |Jason L asked:
Landlord stopped paying mortgage for like 6 months and stopped foreclosure by filing bankruptcy on the day of the auction, and told us that bout her 3-6 months before she can file file for bankruptcy again, buying more time, CAN WE Leave?
SANTIAGO
Landlord stopped paying mortgage for like 6 months and stopped foreclosure by filing bankruptcy on the day of the auction, and told us that bout her 3-6 months before she can file file for bankruptcy again, buying more time, CAN WE Leave?
SANTIAGO
3 Responses to “Landlord stopped paying mortgage and stopped foreclosure by filing bankruptcy, can I leave?”
By src50 on Dec 28, 2008 | Reply
The property they remain unchanged.
By Expert Realtor on Dec 29, 2008 | Reply
Yes you can.
Be sure to get a copy from the city of foreclosure or the notice sent to you by the landlord’s lender.
The lease agreement is a legal contract between you and the landlord…once foreclosure takes place, the landlord loses the legal rights to the property and they refer back to the bank…this change legally terminates your lease…you don’t have to give a notice or prorate the rent once this happens.
However, you MUST obtain documentation of this before you move or you have no legal ground to stand on.
By SmartA$$ on Dec 30, 2008 | Reply
The ownership has legal ownership has been legally transferred if your landlord still technically has legal ownership has been legally transferred if your landlord still technically.