Banks Renting Foreclosures
Banks Renting Foreclosures
The bank decided to move away from the property. What that meant in terms of rent?
This is a follow up to a previous question you I asked. The house was foreclosed on and a sheriff's sale, no offers were made and the bank decided to move away from the property. Is it legal for the owner Previous to rent the house to me? The house does not pass the inspection of the city before the foreclosure and necessary repairs were made.
ultimately, you need more information to answer that question, as was the house in a judicial in court or was in pre-foreclosure through the court, which now can last for months and almost years. and why the mortgage was executed and by whom, it was the bank – or the town for its implementation of matters Password? without knowledge and I could take a guess that Waswa implemented by the city. especially if your saying it was a sheriffs sale and the bank chose to leave. if this is true, then the landlord has no home and no right to collect rent. homeowner is no longer a stranger. is not a strange thing thats being done lately because of the situation of our econmy – Courts sometimes request that a house is sold at a sheriffs sale to satisfy a bank foreclosure is down to above and not code-compliant, but most likely not the case. But if that is the case, then the owner remains the owner and the house is considered that the Foreclosure and pre-mediation has not been foreclosed. You can call the city and ask the owner of this property is, most municipalities will let you know by phone, although some do not ask to go down because there probley records have not been presented yet that you'd have to look through to find out this information. without knowing that information to a definate-i would not recommend paying anything to the owner involved. You can also have a home in your area athority who might be willing to seek such information or give advice, if you live in a bigger city is most definitely a housing authority will help.
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