Can the House I'm Renting Be Foreclosed On?
Question: "I currently reside in a home and all kinds of letters from the city have been coming saying the taxes are delinquent and are now in forfeiture status as well as letters from attorneys saying it's scheduled for sheriff's sale next month."
Answer: Yes, it can be foreclosed on.
These days, I would suggest that you make sure the mortgage is being paid by the owner or the home, along with the taxes. There are some "landlords" who are collecting the rent money but not paying on the mortgage and/or taxes and just pocketing the money. This is Fraud, people!
If you're going to rent a house or condo, make sure the mortgage and taxes are paid up. You can do this by requesting to see the monthly statement from the home owner each month (copies will be fine) and checking to see that the last months payment was made. City hall should have the updated tax records.
If you suspect that they're not making the payments and you're still paying rent, I suggest you consult a real estate attorney.
The last thing you need is the Sheriff showing up one day and removing you and all of your belongings from the house because the home owner didn't pay their bills, while you were still paying rent.
Can the House I'm Renting Be Foreclosed On? Unfortunately, Yes.
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