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

 I'm in the process of buying a house, and I think my mortgage broker might be predatory. What should I do?
I have lived in this house for 4+ years and have a chance to buy it for the remaining amount on the owner's mortgage. Property values in the neighboorhood have increased in the past few years, ...


 I am trying to get a mortgage really soon to move out within a week. I need to get one very fast?
The bank lady is saying that it will take another couple of days to run the credit. We've made over 200,000 this year and have paid taxes on it and we want to buy a townhouse worth 200k in N...


 I rent a room in a house and would like to know who is responsible for taking out the trash.
I have a 2-year lease with the landlord and there is nothing stated in the lease regarding who is responsible for taking out the garbage....


 Who typically pays the ā€˜brokerage fee’ when selling/buying a home?
We want to sell our home and the agent sent us an outline of fees and what we can expect to make given how much we sell the home for. The ā€˜Brokerage Fee@ 5% Total Commissionā€ is listed close to $3...


 I have a tenant that hasn't been paying their bill for 9 months now...?
and everytime i ask for their payment they always have the same excuse.... im stressed abt this, what are the legal actions i need to do? please help....


 How does people owned so many houses? How they do that?
Hi,
I’m not sure how ppl buy so many houses without any issue.

I’m having a mortgage for my house and my fiancĆ© also have his.

If we go ahead and buy another house, ...


 My landlord used a portion of my rent for fence repairs that are not my responsibility, now he says I owe rent
Long story short; a fence behind my apartments was damaged and my landlord sent me a bill for $270. I am not responsible for the repairs because neither I, nor my children did the damage. On more ...


 Is the property cheap in Iran?
Are prices of properties and houses cheap or expensive in Iran? Is it cheap and expensive to live in Iran? Can you own your own farmyard cheaply in Iran?...


 How do i go about reporting my landlord for just keeping coming in my house when im there and not there?
...


 How much does he owe me?
I bought a phone for $200. My friend was going to sell it for $400, but got robbed. Does my friend owe me $200, or $400?...


 How to comfort a real estate broker (my wife) who lost a deal which she works so hard for so long?
My wife (a real estate broker) has worked on a deal very hard and she lost it today. She is in very dipressed mood. I don't know if words like "...you can make other deals next time..."...


 2 guys rent apt. one quit job,owes for elec.and hasn't pd this mth rent. How can I get out of lease 3mth bal.
6mth lease, both name on lease, #1 has not pd his 1/2 this mth. Owes for deposit and electric $450. How can the guy who has paid all along (kept recpts) get out of the lease or save his credit. #2 D...


 Don't all of those greedy real estate flippers deserve to lose their homes and all of their money?
These people are the very ones that kept raising their prices, pushing houses higher and higher, becoming greedier and greedier, refusing to sell until some greater fool came along and payed an even ...


 Mother passed. Stepfather living in house.?
Addendum: My mother had the house built long before he came along. He has been living there since they married in 2003. The house has 3 more years of payments, I don't know if he is making ...


 Do I have the right to refuse to let the landlord spray pest control in my unit?
I came home to find a list detailing that I would need to pull all the items that are in cabinets, drawers or closets out and into the center of the room so that they could douse my place with ...


 Does Carlton Sheets no down payment real estate program actually work?
...


 Can i make my ex girlfriend move out of my house?
my house and all utillities are in my name i own it can i force her out we have 2 children together
Additional Details
well i guess i will need to clarify she lost custody of her 6 yr ...


 Who pays the buyers agent fee when the residential property is being sold by the owner?
I am interested in buying a property that is being sold by the owner (who does not have a sellers agent). The property information states that buyers agents are welcome. Do owners who sell without ...


 Property laws: IVE DONE WORK ON A RENTAL PROPERTY, AND THE OWNER WILL NOT PAY FOR WORK DONE. WHAT SHOULD I DO?
IVE DONE WORK IN A RENTAL PROPERTY,THE OWNER IS OBVIOUSLY A SLUM LORD. HOW CAN I PUT A LEIN ON THE PROPERTY TO GET MONEY OWED TO ME, AND HAVE THE PROPERTY DEEMED AS UNFIT FOR LIVING DUE TO MOLD, ET...


 How can I find out which mortgage company has the lien on a property?
There is a house/property that we are interested in buying, it's in foreclosure. We'd like to find out who has the mortgage, but don't know where to start. We already know it's ...



MrsNitti
Do you have to pay a landlord rent after they've sold the building?
My landlord sold the building I live in and I still owed her money. Instead of asking for the whole amount she only asked for a peice of what I owe her and then told me she sold the building. I just need to know by law am I obligated to pay her rent now that she doesn't own the building. Someone please help and If at all possible please let your answer be the truth I need someone who realy knows what there talking about.
Additional Details
She is a slum lord so she's not to be trusted.She told me that I would pay rent to the new landlord next month and that she was paying him out of her pocket for us. I don't beleive that and then in the proccess of asking for the money she told me" not to screw on her on this" .That didn't sound right to me. So I need someone who knows about this to let me know, what should I do.
                     
 




Homer J. Simpson
The contract for sale will determine when future rents are owed to the new owner. This date is typically the same as the sale date, but doesn't have to be.

Contact the new owner & find out when s/he is entitled to start collecting the rents & how any back rents still owed were treated in the agreement.

If the new owner says that s/he is entitled to the same rents that the old owner is trying to get from you, then tell them that they need to come to an agreement & jointly inform you of the appropriate recipient.


tonalc1
Rating
You need to keep paying rent, but it would be to the new owner.

If she only asked for part of what you owe, get it in writing. The new owner might want the balance!


caseofyou2003
Yes, absolutely.


devanarestylez
u still owe rent regardless of the time ur there. u just get ur deposit back.


MLaw
You owe all the back rent to your former landlord & your next & subsequent rent payments to whomever the old landlord tells you to pay -- unless -- you are showed or notified of a written assignment of all your rental arrearages to the new landlord, in which case you now owe it all to the new guy.

** Note: This is a general discussion of the subject matter of your question and not legal advice. Local laws or your particular situation may change the general rules. For a specific answer to your question you should consult legal counsel with whom you can discuss all the facts of your case. **


jd
Yes, you do have to pay. Generally, however, to make it easy and less confusing for tenants, you pay the rent in full to the owner of record as of the date the rent is due. When the sale is completed, the escrow office will prorate (split) the amount between the new and old owner on the escrow statement. You should continue to pay the rent to the owner that you know until you get something in writing indicating that you must start paying to someone else.


Judy1
Rating
If you owed her any back rent, you still owe that to her. Future rent would be owed to the new owner if the sale has actually closed.


boston857
Look, if she has accepted the settlement in lieu of full payment, then you are not obligated to pay the remainedr. But you need a contract with her to this effect stating that whatever you gave her is to be considered as full and final settlement and that you are discharged from any further obligation to pay her. Otherwise, she or the new owner can come after you for the balance as back rent and get a judgement lien recoredd on your credit report.


§eeker
if she no longer owns the building then you no longer have an obligation to her for anything. you would now be resposible to pay the new owner rent.


 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