I need advice on rent skimming landlord

[jrsygirl9]

Thank you for all your comments.

The rent was deposited into a attorney trust account today (yes sat of a holiday weekend.. Very nice attorney). We hired the attorney to protect future rent from loss should the property foreclose and we need to move. At this point we have elected to not sue for damages from his rent skimming because we have not been forced out.

As I stated before we have the legal obliation to pay him but at the same time he has the legal obligation to provide the domicile for the full legnth of the contract. Since that is in jeopardy the best thing was to “escrow” the money since we ar enot ready to move yet.

He will receive it if he should cure the loan (as it was explained to me). Should he not cure the loan then the judge determines who gets what.

Thanks again for all the input.

[Raybyrnes]

That seems like an excellent solution and very professional way simplifying what cold otherwise be a complicated situation.

[Raybyrnes]

That seems like an excellent solution and very professional way simplifying what cold otherwise be a complicated situation.

[Raybyrnes]

That seems like an excellent solution and very professional way simplifying what cold otherwise be a complicated situation.

[Raybyrnes]

That seems like an excellent solution and very professional way simplifying what cold otherwise be a complicated situation.

[Raybyrnes]

That seems like an excellent solution and very professional way simplifying what cold otherwise be a complicated situation.

[EconProf]

That was a smart move from several standpoints. It tells the LL you are paying rent, and he’ll get his due if he does the right thing. It tells the bank and LL you have someone to negotiate on your behalf for an interim solution. Finally, it shows you cannot be pushed around by empty legal threats by either of the other two parties.

[EconProf]

That was a smart move from several standpoints. It tells the LL you are paying rent, and he’ll get his due if he does the right thing. It tells the bank and LL you have someone to negotiate on your behalf for an interim solution. Finally, it shows you cannot be pushed around by empty legal threats by either of the other two parties.

[EconProf]

That was a smart move from several standpoints. It tells the LL you are paying rent, and he’ll get his due if he does the right thing. It tells the bank and LL you have someone to negotiate on your behalf for an interim solution. Finally, it shows you cannot be pushed around by empty legal threats by either of the other two parties.

[EconProf]

That was a smart move from several standpoints. It tells the LL you are paying rent, and he’ll get his due if he does the right thing. It tells the bank and LL you have someone to negotiate on your behalf for an interim solution. Finally, it shows you cannot be pushed around by empty legal threats by either of the other two parties.

[EconProf]

That was a smart move from several standpoints. It tells the LL you are paying rent, and he’ll get his due if he does the right thing. It tells the bank and LL you have someone to negotiate on your behalf for an interim solution. Finally, it shows you cannot be pushed around by empty legal threats by either of the other two parties.

[jrsygirl9]

One last note… We agreed to withdrawl the sept rent from escrow and pay to him in exchange for him signing the short sale offer. We have already been in contact with the bank so (small investment bank- easy to get through to negotiator) looks like we will own this property in about 30 days.

the rest of the rent is being escrowed should there be a hold up with the sale. No one gets any money until the transaction is complete. Once we own the house he gets any rent monies due.

On a personal note… I think the law that allows LL’s to collect rent on a foreclosing property with no intent to resolve the loan is pretty crappy. That law should be changed.

[jrsygirl9]

One last note… We agreed to withdrawl the sept rent from escrow and pay to him in exchange for him signing the short sale offer. We have already been in contact with the bank so (small investment bank- easy to get through to negotiator) looks like we will own this property in about 30 days.

the rest of the rent is being escrowed should there be a hold up with the sale. No one gets any money until the transaction is complete. Once we own the house he gets any rent monies due.

On a personal note… I think the law that allows LL’s to collect rent on a foreclosing property with no intent to resolve the loan is pretty crappy. That law should be changed.

[jrsygirl9]

One last note… We agreed to withdrawl the sept rent from escrow and pay to him in exchange for him signing the short sale offer. We have already been in contact with the bank so (small investment bank- easy to get through to negotiator) looks like we will own this property in about 30 days.

the rest of the rent is being escrowed should there be a hold up with the sale. No one gets any money until the transaction is complete. Once we own the house he gets any rent monies due.

On a personal note… I think the law that allows LL’s to collect rent on a foreclosing property with no intent to resolve the loan is pretty crappy. That law should be changed.

[jrsygirl9]

One last note… We agreed to withdrawl the sept rent from escrow and pay to him in exchange for him signing the short sale offer. We have already been in contact with the bank so (small investment bank- easy to get through to negotiator) looks like we will own this property in about 30 days.

the rest of the rent is being escrowed should there be a hold up with the sale. No one gets any money until the transaction is complete. Once we own the house he gets any rent monies due.

On a personal note… I think the law that allows LL’s to collect rent on a foreclosing property with no intent to resolve the loan is pretty crappy. That law should be changed.

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