 Do you think it's a bit unfair that real estate agencies, buy bargain properties? |
... before others have had a chance to even see them. Wouldn't it be better if they went to needy families, or something? Especially when there is so much high cost housing and rent now.
... |
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 Need help with letter to landlord to get waive monthly lease due to business is extreamly slow.? |
Additional Details
I have a general retail store. We sell almost everything except for food. I don't know why our sale redeced almost 50 % for two months. It is getting worse and ... |
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 Would you live in a caravan to save money? |
| me and my boyfriend are living in a house at the moment that is costing us about ÂŁ1000 a month to live n including bills, we are trying to save money so we can get our own place. But becuase we have ... |
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 Do landlords talk to ur previous landlord? |
| When applying for a new apartment will a landlord contact ur previous landlord? And if so, what kind of information can they tell em?... |
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 So I got a letter from my apartment that my lease was going up by $100...? |
| and that I need to go and resign my lease because that is up as well. If I don't go to resign the lease what would happen. Can I continue paying what I'm paying now since I haven't ... |
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 Buyers Agent Says offer was Rejected? |
| I know this might sound weird, I feel the agent really didn’t even send the offer over to the Sellers agent. My agent called me back today after 3 days saying the sellers agent said no to the ... |
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 Can some who has a mortgage and an equity loan apply for another mortgage? |
| I currently own a two family house with a mortgage and equity loan up to it's current market value. Can I qualify for another mortgage because I want to buy another house. And how much would I ... |
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 Real estate agent, doing her job or above and beyond? |
| We're selling my mother's second house and it's hard for us to get there. The real estate agent has helped a lot, referred contractors, let them in to work, alerted us when the heat ... |
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 Where is the best place in the UK to live? |
| After posting yesterday about the best place to find rentals in Manchester a few of the replies came back saying Manchester was an awful place to live. If this is the case, then where is the best ... |
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 Is $1000 per month a lot for an apartment? |
Additional Details
Its in West Hollywood.
I've never researched housing before EVER, but I suppose I better start.
I'm going to take a year off of ... |
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 Is the housing slump almost over? |
Just wondering what your opinions were. I'm looking to buy a home in Minneapolis and wondering if you think I should buy now or if prices might get lower and its worth the wait......
... |
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M | Can I file bankruptcy to save my landlords house? |
My landlord is being forclosed on. I dont have any where to go. Is it true that if I file BK, my landlords house will be saved, so that I will not get kicked out? |
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WHUFF
 |
If your landlord's property is being foreclosed upon, more than likely they did not pay the mortgage and filing bankruptcy will not help you because you are a renter and you are not on the mortgage nor do you have any equity in the house. I am not sure of the laws where you are, but in Alabama, 10 days of the foreclosure sale, the mortgage company will file an unlawful detainer against you to have you evicted as a tenant.
If your landlord is evicting you, you can file a bankruptcy, but that would give you a little time (approximately 30 days) to come up with the money. If you are getting evicted, you want to consider bankruptcy as a last resort, because more than likely you will get kicked out and when you start looking for another place to live, you would have at least 2 negative judgments/actions against you, you're in bankruptcy and you've been evicted.
Best of luck to you |
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Barrett G
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Why doesn't your landlord file bankruptcy? Since he's the one being forclosed on...... |
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Chris H
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Filing bankruptcy for someone elses problem will only screw your finances up even more. If you are actually in the process of bankruptcy, the bank foreclosing on his loan might have a hard time evicting you.
However, you need to check what the eviction procedures are in your state and municipality. If you've been paying your rent on time, the bank can't just tell you to move without notice and without following the same procedures that are in your lease or rental agreement with your landlord. Basically, they're becoming your new landlord, and there's not much you can do about it.
If you're on a month-to-month rental, you probably have a 30 day notice clause in your contract. If you're in a lease, particularly near the start of it, you're a lot better off, because then the bank or mortgage company should be required by law to honor the terms of the lease agreement. They won't be happy about it, though. They may be willing to settle with you to get you out - IE, if you have 4 months left on a lease, you could probably negotiate with them to give you enough cash for another security deposit if you vacate early.
And speaking of security deposits - in most states, your security deposit is your money. Once the bank takes possession of the property, your current landlord will be required to hand it over to them, and they will be required to hand it over to you once you vacate.
And you may be able to negotiate with the bank to just purchase the place as well. They don't like foreclosures, nor the messy eviction stuff - it could be worth their while to sell it to you.
That's just a rough summary. For more specific legal advice, you'll want to see a lawyer and/or your state/cities housing authority. |
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Latin Techie
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No, its not your house, so you have no say in his affairs at all. best move fast . |
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Loli M
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NO....your landlord is the rightful owner and is the only one who can get out of this touble.
Bankruptcy is not a good thing....it will damage your credit for a very long time...
Depending on where you live...perhaps you could just buy the house... |
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Mike E
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Good Grief! Don't ruinen your credit by filing backrupcy because of a bad landlord.
Just find another place to live, its not hard...pain in the butt, yes, but you;ll end up better in the long run |
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marge_creedon
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You had better talk to a lawyer about this. First consultation is usually FREE. Your landlord is being forclosed on because HE/SHE is not paying his/her mortgage!! Are you paying your rent?? You don't own the place, you have a landlord who owns it. How can your filing bankruptcy save his house??? This is common sense. |
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SoCal Attorney
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The bankruptcy won't stop the foreclosure. It will hurt our credit immensely and maybe buy you a little more time to get a new place, but it won't help your landlord. |
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tjnw79
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No. If he is getting forclosed on it is his fault and has nothing to do with you. Youll end up destroying you credit for no reason. |
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babygirl
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i don't think there is much you can do.and ruining your credit will only, hurt you later on in life. |
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