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Renting

Rental home foreclosed in California

by Jarad Leave a Comment

Question:  I have/had a rental home in California. The bank (Chase) held the 1st and 2nd on the home. They foreclosed on the home and have since sold/auctioned it off. However, they (via a debt collector) are continuing to contact me in an effort to get me to pay off the 2nd/equity line ($32,000). I do not have that kind money and am struggling to hang on to my primary residence. What can they do to me and what are my options?

Answer:  – Your best option is to work with them and try to reach some sort of agreement, pay plan, settlement or payoff. If you can’t work something out, most people will file bk. In many cases, if you let the bank know you are serious about filing bk, they will work something out with you. We’ve been very successful in settling 2nd mortgages before they go to auction but you can still do the same after the auction to avoid the deficiency judgment.

Filed Under: Foreclosure, Renting, Settlement Tagged With: 2nd mortgage settlement, deficiency judgment, Foreclosure, foreclosure california, rental home, rental home california, rental property, rentals

Renting Home – Not Making Payments – Illegal or Not?

by Jarad 1 Comment

Question:  I am underwater on my mortgage. A friend stopped paying mortgage and rented his home. He said it was OK as long as I owned home for more than 1 year. Not really OK….just not illegal or criminal. Is this true?

Filed Under: Renting Tagged With: rent skimming, Renting

I am renting, the lanlord has not paid her property taxes

by Jarad 1 Comment

Question:  I am renting, the lanlord has not paid her property taxes in 4 years, now she is being sued, what do we do as tenants, do we wait to see if she is going to pay up or should we get legal advice.

Filed Under: Renting Tagged With: landlord, Property Taxes, Renting

Is it illegal for the past landlord to take a auction notice off of our door, when it now belongs to the bank?

by Jarad Leave a Comment

Question: Is it illegal for the past landlord to take a auction notice off of our door, when it now belongs to the bank?

Answer: –

Filed Under: Renting Tagged With: auction notice, landlord

Landlord is trying to collect the rent. Place is up for foreclosure. What should I do?

by Jarad 4 Comments

Question: My landlord is trying to collect the rent for the month of september 2008 we had a letter put on our door telling us this place is up for foreclosure the auction will be held august 28 2008 i called and told him whats this about he said oh we already took care of all that but i keep calling the phone number thats on the paper all it say is that the auction date was changed to september 29 2008 when i called the place they said yes its up for auction the 29th of september i called a real estate attorney and asked him. He told me to give a 30 day notice and have him keep my deposit as last mouths rent. My landlord would not take my 30 day notice and also said that i must pay this mouths rent and that once i moved he will give me my deposit back. i also let him know of all the things that needed to be fixed from when we moved in not till after i told him about the foreclosure. he start saying oh as soon as they save the house there going to fix every litte thing not to worry and when i told him, well i’m just going to move. he said well you still owe me my rent. then why did i give first and last months rent when i moved in? then he had nothing to say to that all he did was to start threating me tell “you don’t want to mess with me i’ll take you down” also “i know how to take care of you if you don’t pay me my rent” and now today september 13,2008 he gives me a three day notice i just said ok thats fine here’s my 30 day notice that i’ll be moving “he says i don’t want that why would i want that you have three days to get out of my house i’ll be back thursday to make sure your out” i told him you still have to give me a 30 day notice all he said was “no you have three day thats all”. what could I do about this man because come thursday september 18,2008 i don’t know what he will do. will he follow thru the threats. so please help me as soon as possible. should i call the police or what should i do. i am worried i have a three year old litte girl also a 14 month old daughter with a seizure disorder that still dose not hold her head up or nothing she is like a new born chid still what if trys something and one them get hurt please help please

Answer: -listen, this sounds like more than just a rental issue. Clearly this landlords intentions are not good. It sounds like he has already spent your deposit and has no intentions on paying it back. He’s just trying to get as much money as he can from his tenants before they foreclose on the property. In many cases this can be considered ‘rent skimming’ which is illegal. This is where the landlord uses the rent money to pay for personal belongings and lets the property go into default. If he is giving you 3 days to vacate, I would get the heck out before something worse happens, especially if he is threatening you. Let him keep your deposit money a better place to live. And if you feel you need to contact the authorities, do it. Who knows, they may even help you find a better place. Good Luck

Filed Under: Foreclosure, Renting Tagged With: Foreclosure, rent, rent skimming, Renting

I AN RENTING A HOME THAT’S IN FORECLOSURE?

by Jarad 2 Comments

Question: I AN RENTING A HOME THAT’S IN FORECLOSURE. DO I PAY THE RENT TO THE LANDLORD?

Answer: – I would definitely talk to your landlord about it. He/She may have plans to reinstate the loan and you don’t want to risk being kicked out.

Filed Under: Renting Tagged With: rent

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