my landlord hasn't been paying the mortgage 77 Responses

Last post: 3 months, 2 weeks ago | Thread started: Aug 15, 08, 9:22 a.m.

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• Tark

  I just got back into town and there is an envelope taped to my door with my landlord's name on it. I immediately opened it thinking it was FROM him with the utility bills from the last 2 months in it. As I read the note, it was actually intended for him and it was from his bank telling him that he hasn't paid the mortgage for 2 months and they were trying to reach him. I wasn't supposed to have read it so I don't know if I should call him today and just tell him there is a letter for him.
  Q: has anyone ever had this happen to them? how much time did you have to move out?

  Aug 15, 08, 9:22 a.m. – Permalink

• nicole_marie

  this happened to a friend of mine, the whole building was evicted and I believe they had a month from notice.

  

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  Dog-earAug 15, 08, 9:24 a.m. – Permalink

• 23kon

  You should have a contract with him, he'll probably have to give you 4 weeks notice if you do have a contract, likewise - you'd have to give him 4 weeks notice too. Thats the usual crack - in place to protect both renter and rentee. Dont know what the case would be though if the bank want to come grab the place off him though.

  

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  Dog-earAug 15, 08, 9:24 a.m. – Permalink

• detritus

  Yes - call him and let him know there's a letter from him. If he asks why it's opened, shrug and say stupidly 'i dunno' - it doesn't matter. It'll be interesting for you to see what he admits.

  Also, starting making backup arrangements to move, just in case.

  • +1 about starting to look elsewhere or making arrangements– 23kon1/2

    my friend has his house for rent and it is cheaper than where I am so it might work out to my benefit. I'll call him too.– Tark2/2

  

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  Dog-earAug 15, 08, 9:24 a.m. – Permalink

• Tark

  seems like i should be able to get my deposit and last month's rent too but I'm worried already spent it. I will call him in a bit and tell him he has a letter and see what he says.

  

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  Dog-earAug 15, 08, 9:28 a.m. – Permalink

• heavyt

  maybe you can work out a deal with the bank to take over the mortgage if it is going into foreclosure.

  • you mean pay the bank rent for the rest of the lease?– Tark

  

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  Dog-earAug 15, 08, 9:30 a.m. – Permalink

• SoulFly

  did you call him yet?
  Maybe there's a good explanation for it.

  • left a message– Tark

  

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  Dog-earAug 15, 08, 9:34 a.m. – Permalink

• moldero

  Tark, just curious, do you pay him directly or do you pay property management?

  • i go to the bank manager and she puts it into his 'business' account. same bank that holds the loan– Tark

  

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  Dog-earAug 15, 08, 9:36 a.m. – Permalink