Home | Links | Contact Us | Bookmark
Financial Forum Search :
   Homepage      News      Financial Topics     Finance Directories      Financial Forum      Dictionary  
Financial Forum    Renting & Real Estate
Finance Discussion Forum

 Can you rent out a house you just purchased 7 months ago?
I don't want to lose money selling a house I just purchased because I know it hasn't increased in value. What steps can I take in order to rent out the house?...


 Can you buy a house if your 17?
A friend wants a house....


 Do we have to pay our landlord?
It is now July 2nd I just heard the landlord knocking on the door for his rent. We have now lived here 4 months and paid on time every month. When we looked at the apt complex he specified that there ...


 Bidding on a home today... any suggestions?
My agent is going to draw it up but I'm looking for things that he should include to make myself safe in this process. Thanks ...


 How can I buy a house?
I am a single parent on a limited income and have four children who need a home of their own. My credit sucks bigtime. How does someone like me buy a house? Please, serious responses only.
A...


 You are renting a house are you coverd under landlord insurence?
we rently had a big money item stolen out the yard , is the landlords home insurnce cover my stolen items....


 I’m a mortgage loan consultant’s assistant and I’m being harassed. Help! I feel trapped?
I got this job about a year ago when I was 19. I had no prior experience except a little help from a friend who is a mortgage broker (he has a broker's license not just a salespersons) and with ...


 Where can I get cheap moving boxes?
Not in a grocery store though......


 When renting a home, whose responsibility is it to maintain the gutters?
I am renting a home for the first time and my landlord put cleaning the gutters in the lease. At the time I signed the lease I didn't realize the danger in doing the gutters myself. I was told ...


 What happens in a foreclosure?
if the house is sold for less then what I owe do i still have to pay the remaining balance or is at a loss?
Additional Details
Yes I live in california, so does that mean Im safe? Im in ...


 Will mortgage refinancing company require my ckecking account statement?
...


 What is the best apartment for a single 36 year old man?
I will be moving to Phoenix in September and was wondering, a one bedroom or a studio apartment? I have the suspicion that a studio is too "young" for me....


 What is the average price for a nice 3 br, 3 bath house in your city?
Please remember to name your city and tell why it's a great place to live....


 What does it mean when a rental or property is listed as Contingent?
I've seen this while looking for property to buy or rent....


 Can my landlord keep the full final months rent if we stay there only 9 days out of 31?
We are leaving our rental property on October 9th. Today the agency has taken out the full month's rent for October (800£) out of our account. I have called them to ask when the difference ...


 I am buying my ex wife out on our house can her name stay on the deed?
...


 I can't keep making payments on my mortgage or second mortgage, what can I do? I have no equity in home.?
I have home 5 years. home equity loan for three years. can't afford making payments due to seperation. what is my best course of action?...


 Do you think the housing crisis will get worse? Is this a good time to buy a home or should one wait?

Additional Details
I'm in southern ...


 Where is the cheapest place to purchase waterfront property in New England?
...


 Its nearly july and i have my central heating on?
its ok if you live near the noth/south pole or somewhere like that, but im on the east coast in suffolk, uk. i wanna be down the beach eating ice cream and making sand castles and stuff, not sitting ...



Lukas' mommy due mar 23
Can my landlord collect rent with a lien for 10,000 dollars placed on his property?
i recently discovered that my landlord has not paid his mortgage since july of 08 and the mortgage company told me not my landlord. he is taking my money for rent and not paying them..when i told him i was moving he told me that i he was going to try to sell the house and that i still needed to pay him. is this true?
Additional Details
there is a lien on the property for 10,000 dollars as well.
                     
 




Janet P
Rating
His liens have nothing to do with you and nothing to do with your rent. Your rent is due as per the contract you signed, or at the first of each month if you have no contract.


golferwhoworks
Rating
yes you have a lease


estielmo
The rent has NOTHING to do with foreclosure or liens. You owe the money to whoever holds the title. Now it is the landlord. Just be mindful of when the bank takes over.


Loving Wife
Rating
Your rent amount owed based on the lease you signed has nothing to do with his lien so yes you need to pay.


john n
Your contractual obligation is towards your Landlord, not the mortgage company. What he does with the rent money isn't your concern, just make sure you have receipts for every penny that you give him.


acermill
Rating
Your rents are owed to the current owner, regardless of any liens or potential foreclosures on the horizon. It's none of your business what he does with the money you pay to him.


Venetian Poker
Technically, the lease between you and your landlord has nothing to do with his mortgage. Whether or not he pays his loan like he's supposed to, you're supposed to make your rent payments.

Having said that, if the house goes to foreclosure, you will likely be evicted from the property. I don't know what state you live in, so I don't know how long the foreclosure or eviction processes take.

I agree that it's not fair that you should have to live with the possible threat of eviction hanging over your head even though you pay the rent on time, but that's the way it is.



Trouble
Rating
Yes, it is true. You are still legally obligated to pay him the rent up until the day that the title is transferred from his name.

You cannot live there for free.

Your lease is between you and the landlord. You pay rent for the right to live there.

If you do not pay rent, the landlord can evict you and sue you.

The landlords failure to pay his mortgage or the landlord having a lien against the property is none of your business and NOT a reason to stop paying rent.



src50
As long as he owns the house and you live in it, you owe the rent. His mortgage and lien problems are not grounds for withholding rent.


skiingstowe
Rating
Hi,
You have a contract with your Landlord....not the bank. Yes, you do have to pay your rent. What the Landlord does with your money is His/Her business and has nothing to do with you. I strongly suggest you pay your rent, and do it on time. Your Landlord may have missed his payments due to tenants not paying their rent at all or on time. Besides two wrongs do not make a right. Do the moral and ethical thing and pay your contracted rent. Who knows who just might help this Landlord avoid foreclosure.


MiaDiva28
if he hasnt been paying the mortgage why should you feel obligated to continue to give him money when he is wasting it. what is he spending the money on if hes not paying it?


 Enter Your Message or Comment


User Name:  
User Email:   
Post a comment:







Archive: Forum -Forum -Finance - Links - 1 - 2 - RSS - All RSS Feeds
The Causes and the Results. 0.014
Copyright (c) 2011 Financial Crisis Monday, May 28, 2012 - Terms of use - Privacy Policy