However, if you go the squatting route, you run the risk of someone in the process reporting the non-payment of rent to the credit bureaus, which could mess things up down the road.
Rental home foreclosures
- Thread starter EYE.SPY STAGING
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I've got to go with ray on this one. I'd bet there are many folks living rent-free in foreclosure limbo properties throughout sowal. And there's a very good likelihood that any new rental you find might succumb to the same fate. Sit tight and save your money for a future move. You'll be notified by the bank or Realtor when you actually have to move. If the owner's interested in getting his money, he'll contact you.
We have never heard of paying the Clerks Office either until this all happened. We were told be several people to pay either them or deposit our rent money into an Escrow Account...I think moreso for the paper trail and proof that we indeed have all intentions in paying our rent. We have rented in the area for years now and the reason we moved into this house in the first place is because the landlord in our previous house would not sign a lease longer than month-to-month and with having a new baby we wanted more stability in our lease. I also had heard from other people that the owner of our other rental was possibly going into foreclosure and we didn't want the rug to be pulled out from under us, so we took control of the situation and looked for another rental. And now this is where we are. The entire situation is so crazy. The owner of this house actually raised the listing price of the home as soon as the airport news broke. The RE agent at the time was communicating with the owner and had suggested to the owner that before renting out the house LT (he had it as a STR for a while) that he opt to do a short sale, but he was not interested at all in that and insisted that he could afford to pay the difference in the mortgage. Now he is MIA and we have already had to pay out of our own pockets for repairs to several things in the home. I think that our only option will be to contact a lawyer to see what advice they can give us and just HOPE that the cost for that isn't too much. We plan to save our $ and find a new place to live. It is just such a shame b/c it always cost more than you think when you have to pack up and move and we just did that...so we are running out of our "nest egg"---ERRRR! Please keep any advice coming...this is an interesting topic and unfortunately there are so many people that need advice for this! Thanks so much!!
You're the unwitting victim in all of this craziness. So sorry you're having to go through it. Hope y'all work it out without too much hardship.
I would call the bank directly (if it is a bank and not some mortgage company), offer to pay rent to them, and you may be able to stay and have a better landlord for awhile. Ask for a purchase price, either have you or an investor offer to buy the note at a deep discount, continue the forsclosure process and own it or have your investor friend be the new landlord and they get a good return as well.
We have tried calling everyone related to this situation...and NO ONE will return our phone calls. Such a crazy mess!
You wouldn't pay the Clerk's office. They have no way of accounting for your rent. Also remember that Clerk of Court personnel do not have legal training and cannot by law give legal advice of any sort.
Unfortunately, as far as finding out what your rights are, you really should seek the advice of an attorney. Best bet would be one who specializes in real estate law.
btw, you are not alone.
Unfortunately, as far as finding out what your rights are, you really should seek the advice of an attorney. Best bet would be one who specializes in real estate law.
btw, you are not alone.
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Yes, we decided against paying the Clerk's office. But we were told by so many that we should pay them. We will have to wait this out. We do not have another place to move right now and it will be really tough coming up with more deposits, etc when we just paid so much to live in our current house.