Help me please!

[admin]

Hi, I’m looking for opinions/suggestions. Here’s my problem. I’ve been renting my current home in the Inland Empire for almost 3 years. Well, after 2 years on a lease, the owner didn’t have me renew the lease so I’m on a month to month. Here’s my problem though: The owner is having/or has had financial problems. The first mortagage holder on this property filed a notice of default and it was going into foreclosure but the second mortgage holder brought the loan current so they wouln’t lose out on their investment (The owner has a second on this house for 38,000 dollars). Now here’s where this gets ridiculous:

The second mortgage holder is his mother (it’s her company). But, she didn’t put up the money for the second personally. She got it from a private investor. The owner (her son) says his mother owes him money, hence he will not pay the mortgage and is forcing the mother to pay each month to keep the loan up. Well, the mother has begun forclosure proceedings because the second is now in default. The owner tells me don’t worry, he has hired an attorney and his mother will be blocked from forclosing on this property. Well, I’m caught in the middle. The mother has sent me an “assignment of rents” and asked me to pay her the rent money. The son tells me to ignore the mother and continue to pay him the rent (but he’s not paying either the first mortgage or the second). He promises me things will be ok and I’ll continue to have a place to live.

So, what do I do? Do I keep my money and live here until him mother forecloses? If so, he might evict me. Do I just not pay him on the first of the month and find someone else to live? Do I pay him mother or him? Do I stay or do I go? The mother has been calling me almost in tears telling me how wrong her son is doing her. The son is telling me his mother is a snake. I’m sick of it all!

What would you guys do?

[nostradamus]

I’d live there and not pay anyone until they settle it themselves. Neither of them is in much of a position to demand anything from you.

[nostradamus]

I’d live there and not pay anyone until they settle it themselves. Neither of them is in much of a position to demand anything from you.

[nostradamus]

I’d live there and not pay anyone until they settle it themselves. Neither of them is in much of a position to demand anything from you.

[Anonymous]

Hi, nostradamus. Thanks for your reply. I would like to stay here and not pay, but can’t the owner evict me if I don’t pay?

Also, if they do get this settled, do you think I can trust the owner will continue to rent this house out to me. Or am I just stupid and naive to think my future is secure in this house for another year at least? The owner says he will give me another year’s lease. Am I stupid to remain here and trust this owner?

[Anonymous]

Hi, nostradamus. Thanks for your reply. I would like to stay here and not pay, but can’t the owner evict me if I don’t pay?

Also, if they do get this settled, do you think I can trust the owner will continue to rent this house out to me. Or am I just stupid and naive to think my future is secure in this house for another year at least? The owner says he will give me another year’s lease. Am I stupid to remain here and trust this owner?

[Anonymous]

Hi, nostradamus. Thanks for your reply. I would like to stay here and not pay, but can’t the owner evict me if I don’t pay?

Also, if they do get this settled, do you think I can trust the owner will continue to rent this house out to me. Or am I just stupid and naive to think my future is secure in this house for another year at least? The owner says he will give me another year’s lease. Am I stupid to remain here and trust this owner?

[bsrsharma]

"assignment of rents"

I am curious about the contents of this letter. Can you post it's contents (after removing any personally identifying info, if you want)? An easy solution would be to get out of that snake pit. With thousands of empty homes standing in IE, somebody will pay you to rent the place just so it won't burn down in the next firestorm!

[bsrsharma]

"assignment of rents"

I am curious about the contents of this letter. Can you post it's contents (after removing any personally identifying info, if you want)? An easy solution would be to get out of that snake pit. With thousands of empty homes standing in IE, somebody will pay you to rent the place just so it won't burn down in the next firestorm!

[bsrsharma]

"assignment of rents"

I am curious about the contents of this letter. Can you post it's contents (after removing any personally identifying info, if you want)? An easy solution would be to get out of that snake pit. With thousands of empty homes standing in IE, somebody will pay you to rent the place just so it won't burn down in the next firestorm!

[Anonymous]

Hi, here is the “assignments of rents” they sent to me:

TO: All TENANTS IN POSSESSION

Attached is a copy of the Deed of Trust executed by John Doe and Jane Doe, husband and wife as community property with right of survivorship.

This document gives XXXX mortgage corporation, on behalf of the beneficiaries, authorization to demand payment of all future rents due and payable through or at our office located at:

Mailing address: XXXXXXX
Physical address: XXXXXX

You will be issued a receipt and the funds will be held in trust to client account # XXXXX

This, in no way, affects your rental agreement and by paying your rent directly to XXXXX Mortagage Corporation as Servicing Agent under Contract, protects you from proof of non-payment of rent, as long as you provide a copy of the rental agreement to XXXXX Mortgage Corporation, and retain a copy of this order along with your rent receipt in your possession, you will be in compliance.

Please understand, wer are NOT a Property Manager and we are not responsible for any repairs to the property during this rent assignment period until notified to the contrary.

Your landlords will either reinstate their privileges through this office, at which time, we will cancel the Assignments of Rents you have been served with; and, instruct you that you may once again make monthly rental payments according to your Landlord’s instructions. YOU MUST NOT pay directly to your landlord until advised to do so.

Any questions concerning this matter, contact the undersigned. Otherwise, to prevent being in violation of this Assignment of Rents make all future rental payments as instructed agove. Please acknowledge receipt of this document below and return in the enclosed prepaid Federal Express Envelope.

Sincerely
XXXXXX
President/CEO

[Anonymous]

Hi, here is the “assignments of rents” they sent to me:

TO: All TENANTS IN POSSESSION

Attached is a copy of the Deed of Trust executed by John Doe and Jane Doe, husband and wife as community property with right of survivorship.

This document gives XXXX mortgage corporation, on behalf of the beneficiaries, authorization to demand payment of all future rents due and payable through or at our office located at:

Mailing address: XXXXXXX
Physical address: XXXXXX

You will be issued a receipt and the funds will be held in trust to client account # XXXXX

This, in no way, affects your rental agreement and by paying your rent directly to XXXXX Mortagage Corporation as Servicing Agent under Contract, protects you from proof of non-payment of rent, as long as you provide a copy of the rental agreement to XXXXX Mortgage Corporation, and retain a copy of this order along with your rent receipt in your possession, you will be in compliance.

Please understand, wer are NOT a Property Manager and we are not responsible for any repairs to the property during this rent assignment period until notified to the contrary.

Your landlords will either reinstate their privileges through this office, at which time, we will cancel the Assignments of Rents you have been served with; and, instruct you that you may once again make monthly rental payments according to your Landlord’s instructions. YOU MUST NOT pay directly to your landlord until advised to do so.

Any questions concerning this matter, contact the undersigned. Otherwise, to prevent being in violation of this Assignment of Rents make all future rental payments as instructed agove. Please acknowledge receipt of this document below and return in the enclosed prepaid Federal Express Envelope.

Sincerely
XXXXXX
President/CEO

[Anonymous]

Hi, here is the “assignments of rents” they sent to me:

TO: All TENANTS IN POSSESSION

Attached is a copy of the Deed of Trust executed by John Doe and Jane Doe, husband and wife as community property with right of survivorship.

This document gives XXXX mortgage corporation, on behalf of the beneficiaries, authorization to demand payment of all future rents due and payable through or at our office located at:

Mailing address: XXXXXXX
Physical address: XXXXXX

You will be issued a receipt and the funds will be held in trust to client account # XXXXX

This, in no way, affects your rental agreement and by paying your rent directly to XXXXX Mortagage Corporation as Servicing Agent under Contract, protects you from proof of non-payment of rent, as long as you provide a copy of the rental agreement to XXXXX Mortgage Corporation, and retain a copy of this order along with your rent receipt in your possession, you will be in compliance.

Please understand, wer are NOT a Property Manager and we are not responsible for any repairs to the property during this rent assignment period until notified to the contrary.

Your landlords will either reinstate their privileges through this office, at which time, we will cancel the Assignments of Rents you have been served with; and, instruct you that you may once again make monthly rental payments according to your Landlord’s instructions. YOU MUST NOT pay directly to your landlord until advised to do so.

Any questions concerning this matter, contact the undersigned. Otherwise, to prevent being in violation of this Assignment of Rents make all future rental payments as instructed agove. Please acknowledge receipt of this document below and return in the enclosed prepaid Federal Express Envelope.

Sincerely
XXXXXX
President/CEO

[nostradamus]

Hi Marion,

I really do think the best thing to do would be get out of there. Are you particularly attached to that place?

The biggest problem is you currently don’t have a signed lease, thus have no leverage to argue that there has been a violation of your contract.

BTW I’m not an expert in these matters, just trying to give an unbiased viewpoint. My first reaction was wow, that’s crazy!

[nostradamus]

Hi Marion,

I really do think the best thing to do would be get out of there. Are you particularly attached to that place?

The biggest problem is you currently don’t have a signed lease, thus have no leverage to argue that there has been a violation of your contract.

BTW I’m not an expert in these matters, just trying to give an unbiased viewpoint. My first reaction was wow, that’s crazy!

[Author]

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