Short sale of my rental

[sakina96]

Rent is $2195 per month. My assumption is that as long as the house is in the landlord’s name that I have a legal obligation to continue paying my rent. We are looking for another place but have not yet found something I like.

I know that an offer has been made on the house and that the offer has been submitted to the bank for review. It will be interesting to see if the offer is accepted. Apparently one of the three owners died recently so I’m guessing that they will claim financial hardship on those grounds.

[sakina96]

Rent is $2195 per month. My assumption is that as long as the house is in the landlord’s name that I have a legal obligation to continue paying my rent. We are looking for another place but have not yet found something I like.

I know that an offer has been made on the house and that the offer has been submitted to the bank for review. It will be interesting to see if the offer is accepted. Apparently one of the three owners died recently so I’m guessing that they will claim financial hardship on those grounds.

[Ex-SD]

First, I would call the landlord and ask him what he’s doing with the rent money that you’re paying him. Then I would contact the lender and tell them about the conversation with the landlord and ask them what you should do?

[Ex-SD]

First, I would call the landlord and ask him what he’s doing with the rent money that you’re paying him. Then I would contact the lender and tell them about the conversation with the landlord and ask them what you should do?

[Ex-SD]

First, I would call the landlord and ask him what he’s doing with the rent money that you’re paying him. Then I would contact the lender and tell them about the conversation with the landlord and ask them what you should do?

[SD Realtor]

Ex-SD it really is not that easy.

First off a lender will not discuss anything with anyone regarding the loan the lender has in place with the landlord. The exception is that the lender would have to receive written authorization from the homeowner to discuss the loan with another party. There is proper procedure for that. I think that if the tenant did what you are recommending, the tenant could actually incur some sort of liability so I disagree strongly with that advice.

If the tenant is distressed with the situation the best thing to do is to contact a real estate attorney and get sound legal advice.

I can tell you what I believe the most probable outcome will be. To save the most time and money, move out asap. Try to get the deposit back as soon as possible. The landlord must return the deposit less expenses in a very short period of time after you leave, I believe the max is 15 days after you leave. Make sure you give 30 days written notice.

SD Realtor

[SD Realtor]

Ex-SD it really is not that easy.

First off a lender will not discuss anything with anyone regarding the loan the lender has in place with the landlord. The exception is that the lender would have to receive written authorization from the homeowner to discuss the loan with another party. There is proper procedure for that. I think that if the tenant did what you are recommending, the tenant could actually incur some sort of liability so I disagree strongly with that advice.

If the tenant is distressed with the situation the best thing to do is to contact a real estate attorney and get sound legal advice.

I can tell you what I believe the most probable outcome will be. To save the most time and money, move out asap. Try to get the deposit back as soon as possible. The landlord must return the deposit less expenses in a very short period of time after you leave, I believe the max is 15 days after you leave. Make sure you give 30 days written notice.

SD Realtor

[SD Realtor]

Ex-SD it really is not that easy.

First off a lender will not discuss anything with anyone regarding the loan the lender has in place with the landlord. The exception is that the lender would have to receive written authorization from the homeowner to discuss the loan with another party. There is proper procedure for that. I think that if the tenant did what you are recommending, the tenant could actually incur some sort of liability so I disagree strongly with that advice.

If the tenant is distressed with the situation the best thing to do is to contact a real estate attorney and get sound legal advice.

I can tell you what I believe the most probable outcome will be. To save the most time and money, move out asap. Try to get the deposit back as soon as possible. The landlord must return the deposit less expenses in a very short period of time after you leave, I believe the max is 15 days after you leave. Make sure you give 30 days written notice.

SD Realtor

[sakina96]

For what it’s worth. Moved out of rental in September. House never sold. Foreclosure in December. Now listed as REO at about 430. Two other properties in neighborhood and builder are asking for 425-430. Neighborhood peak was about 630 in 2005

[sakina96]

For what it’s worth. Moved out of rental in September. House never sold. Foreclosure in December. Now listed as REO at about 430. Two other properties in neighborhood and builder are asking for 425-430. Neighborhood peak was about 630 in 2005

[sakina96]

For what it’s worth. Moved out of rental in September. House never sold. Foreclosure in December. Now listed as REO at about 430. Two other properties in neighborhood and builder are asking for 425-430. Neighborhood peak was about 630 in 2005

[sakina96]

For what it’s worth. Moved out of rental in September. House never sold. Foreclosure in December. Now listed as REO at about 430. Two other properties in neighborhood and builder are asking for 425-430. Neighborhood peak was about 630 in 2005

[sakina96]

For what it’s worth. Moved out of rental in September. House never sold. Foreclosure in December. Now listed as REO at about 430. Two other properties in neighborhood and builder are asking for 425-430. Neighborhood peak was about 630 in 2005

[Author]

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