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Washington DC Renter and DC Landlord Facing Foreclosure questions-What about my rent payments?

By
Real Estate Agent with Samson Properties SP98364271

Washington DC Renter and DC Landlord Facing Foreclosure questions-What about my rent payments?

In continuing my new blog series"Washington DC Renter and DC Landlord Facing Foreclosure" here is a another question I am sure some Washington DC Renters would want to know about if they found out that there DC Landlord is facing Foreclosures.

Q. What about my rent payments?

A. You must pay your old landlord until the new owner takes title to the property. Once there is a new owner (usually a bank), the new owner has the right to receive your rent payments. If you find out that your property has been foreclosed,you should ask the new owner where you can send your rent payments.

And if you missed yesterday's question please click on this link

 

Patricia Kennedy
RLAH@properties - Washington, DC
Home in the Capital

Lanre, good topic to write about!  In DC it's hard for anyone to get rid of a tenant, including the bank!

Dec 05, 2011 12:44 PM
Kay Van Kampen
RE/MAX Broker, RE/MAX - Springfield, MO
Realtor®, Springfield Mo Real Estate

Lanre, this question came up today with a client of mine.  She's in a rental that is getting foreclosured.  I recommended she stay current with her rent payments and contact the bank when it get foreclosed.

Dec 05, 2011 01:31 PM
Anonymous
Cassandra
That's what we've all been witanig for! Great posting!
Jan 04, 2012 11:27 PM
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