Blight moves in after foreclosures

[kicksavedave]

OC Scam I’m curious how your legal contract was broken? You agreed to pay rent, in return you were allowed to live in this house. You stopped paying rent, but continued to live in the house. To me it seems YOU broke the contract, not the previous landlord. As you said, until a court discharges this as a forclosure, the previous landlord is still the owner of record. But you’re not paying the rent you promised and signed your name to. Why not?

[JPJones]

“You agreed to pay rent, in return you were allowed to live in this house. You stopped paying rent, but continued to live in the house.”

That’s where I’m lost, too. What sort of recourse does the owner have during the foreclosure process to pressure a deadbeat renter?

[JPJones]

“You agreed to pay rent, in return you were allowed to live in this house. You stopped paying rent, but continued to live in the house.”

That’s where I’m lost, too. What sort of recourse does the owner have during the foreclosure process to pressure a deadbeat renter?

[JPJones]

“You agreed to pay rent, in return you were allowed to live in this house. You stopped paying rent, but continued to live in the house.”

That’s where I’m lost, too. What sort of recourse does the owner have during the foreclosure process to pressure a deadbeat renter?

[betting on fall]

I’m with Kicksave. Just becuase the owner is in bankrupcy does not mean she does not own the house or that your rental agreement is cancelled. She SHOULD have you listed as a source of income in her bankrupcy petition, and she SHOULD be collecting the rent from you to pay off those to whom she owes money. The amounts involved may be small enough that no one thinks its worth pursuing you, and you may get lost in the shuffle, but as long as she is providing you a habitable house, you legally owe rent and the owner- or someone the court appoints to collect her money- might come after you.

Holding the money in your bank account might be the best choice under these circumstances, but don’t plan on spending that rent money yet.

[betting on fall]

I’m with Kicksave. Just becuase the owner is in bankrupcy does not mean she does not own the house or that your rental agreement is cancelled. She SHOULD have you listed as a source of income in her bankrupcy petition, and she SHOULD be collecting the rent from you to pay off those to whom she owes money. The amounts involved may be small enough that no one thinks its worth pursuing you, and you may get lost in the shuffle, but as long as she is providing you a habitable house, you legally owe rent and the owner- or someone the court appoints to collect her money- might come after you.

Holding the money in your bank account might be the best choice under these circumstances, but don’t plan on spending that rent money yet.

[betting on fall]

I’m with Kicksave. Just becuase the owner is in bankrupcy does not mean she does not own the house or that your rental agreement is cancelled. She SHOULD have you listed as a source of income in her bankrupcy petition, and she SHOULD be collecting the rent from you to pay off those to whom she owes money. The amounts involved may be small enough that no one thinks its worth pursuing you, and you may get lost in the shuffle, but as long as she is providing you a habitable house, you legally owe rent and the owner- or someone the court appoints to collect her money- might come after you.

Holding the money in your bank account might be the best choice under these circumstances, but don’t plan on spending that rent money yet.

[The OC Scam]

It’s not about owning the home. It is a little more complicated then that if you understand the situation. I have written about this situation under my forum OC scam part 1 and 2. In brief I have legal right to withhold the rent because she intentionally signed a lease agreement for a year for a home that she has never made a mortgage since purchasing the home in August of 2006 then signing a lease with me in December 2006 (This is called rent skimming). Then she broke the contract when she filed bankruptcy but remember this is for 7 homes she purchased I was paying the full amount we agreed to. She is being investigated for fraud by all lenders involved. I’m the least of the lenders problems right now! I could sue her for the lease agreement she broke which I would never win any amount of money because she has no assets. There is seven families involved in this situation we all have lawyers and trust me this is completely legal and is why the money is being placed aside and not being spent until all is resolved.

Thanks guys for the love!

[pencilneck]

Thanks for sharing the story, OC! Fascinating stuff.

[Anonymous]

I’m trying to do a news story on people squatting in foreclosed homes. Does anyone out there know of any foreclosures that have squatters in the bay area?

[eyePod]

Well, so the landlord is guilty of fraud (maybe, that is not for any of us to say, that is for the judge). So you’ve convicted her and sentenced her and her sentence is NO RENT BABY. That’s pretty convenient!

[Anonymous]

I have read your posts about the squatting, the blight, the legal problems of the renter of a 20-year-old who bought seven houses… It is so amazing and shocking that California would have been reduced to this… The problem is all the propaganda about the American dream, the American way of life, a piece of the pie… etc.
All turned to dust and rot…

[bsrsharma]

California would have been reduced to this…

What has California got to do with it? It was a national & even international thing. The problem was with dumbvestors who loaned money to any worm that could crawl. That 20 year old and her ilk are the reason this nation is going to be cured of the addiction. Thank her for affordable house prices for the next 20 years!

[kewp]

Thank her for affordable house prices for the next 20 years!

Yeah, if you have cash or gold bars buried in the back yard!

[bsrsharma]

if you have cash

Yeah, that quaint habit called Saving will be fashionable again!

[Author]

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