landlords in foreclosure: Making Rental Payments---No Matter What!
- 02/24/09 10:49 AM
Your landlord just informed you that he is in trouble financially. He's not been making mortgage payments in the home you are renting from him. He just knows he's headed to foreclosure. Maybe he suggests that, since he is not making mortgage payments, that you don't have to keep making rental payments. Or maybe, you get so angry knowing that your rental checks aren't going to pay the mortgage that you say, "Screw it! Why should I keep paying him?"
Awesome! Free rent! Right? WRONG!
If you have plans of buying a home, your rental history will come into question. … (8 comments)
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Your landlord just informed you that he is in trouble financially. He's not been making mortgage payments in the home you are renting from him. He just knows he's headed to foreclosure. Maybe he suggests that, since he is not making mortgage payments, that you don't have to keep making rental payments. Or maybe, you get so angry knowing that your rental checks aren't going to pay the mortgage that you say, "Screw it! Why should I keep paying him?"
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