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So for the last two years, i've rented in an awesome house (In California, to give y'all more info) with two roomies i've known for a while and get along with great. Our agreement is with a property management company, who collects our rent, takes a bit for themselves, and gives the rest to the owner of the house, a guy we'll call Bob. Bob calls us up about a month and a half ago and lets us know he's going to be shortselling the house, and that realtors are going to start coming by to show the place soon. Over the course of the next couple weeks, folks show up to check it out. We're not sure if anyone's biting, but it's not really our business, so we don't know if official offers have been made. Around the beginning of this month, we come home to a notice of foreclosure addressed to him, hanging off our front doorknob. We didn't open it, because it was addressed to him. We talk to him, and apparently he's over 100K behind on his mortgage payments. He hasn't paid in over a year. So it sounds like the bank is going to seize the property. So here are my questions: If we end our contract with the property management company (we are on a month to month), their job is done and they have no real claim on the house. At that point, who are we paying rent to? Does the landlord still own it? Does the bank? Is there any way to work this to get a rent-free month or two out of this? If the bank is seizing it, how does that affect our deposit? Pabstsmear fucked around with this message at 22:47 on Feb 16, 2010 |
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Feb 16, 2010 21:45
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| # ¿ May 3, 2024 07:42 |
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