Foreclosure Forward
land lord is in foreclosure?
my landlord lost the house to foreclosure for the 5th time,so the bank sent me a letter offering cash for keys,so i offered to buy the property.the broker told me i need a letter from a lender which i got.ive been waiting to hear from the bank no response.then the landlord popup after a month or two asking for rent saying he own the property again,so i called the broker and she said that the bank went to court but had trouble with the title.the bank had stop my eviction,because i was going to purchase the property,know the landlord is harrassing me.the bank told me that they are still going forward with the foreclosure.when the problem with the title is resolved.help almost homeless.
You need an Attorney
I recommend that you interview at least 3 or 4 Attorneys who have a great deal of experience with real estate cases that involve foreclosure and tenants in the property.
You may have to involve the court in what is called “interpleader” where you deposit your rent money with the court and let the court decide whether the money is owed to the landlord or the bank.
In foreclosure, the bank has the right to collect rent from the tenants.
However in this case you do not know who is the legal owner of the house.
That is why you need an Attorney with a great deal of successful experience in this area of the law.
Also, most rental agreements provide that in the event of a dispute, the winner has the right to collect legal fees from the loser.
You landlord will almost certainly lose this case if the facts are as you have described them. You will also get a judgment from the court against your landlord for Attorney’s fees if your written rental agreement provides for that as most do.
Forward Conversations: Fixing the Finance Industry and Fighting Foreclosure
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