Comments on: Well, that was disquieting

By: jet_der_hund

jet_der_hund — Sun, 01 Feb 2009 22:31:52 +0000

Might be time to see if you can buy the property you are in on the cheep so he can get out of debt...

By: gypsypet

gypsypet — Sun, 01 Feb 2009 19:51:40 +0000

Also, a lot of mortgage companies right now are stalling if the property is rented. I think there are also laws being put through that keeps people from being evicted. I'd start keeping an eye out for other plans though; if he's got one in foreclosure, it's not long before the rest of the house of cards falls, or the bank goes after his stable properties :(

By: sabotlours

sabotlours — Sun, 01 Feb 2009 16:30:45 +0000

Ugh! Even if you do have 4 months, it would suck to have to pull up stakes and move. I hope your landlord gets his sh*t together and keeps up on the mortgage.

By: uberhill

uberhill — Sun, 01 Feb 2009 15:30:04 +0000

In some instances, depending on jurisdiction, you may have civil grounds against the landlord as well. A contract was breached, after all.

There's a lovely house across the street for sale.

By: rustitobuck

rustitobuck — Sun, 01 Feb 2009 03:59:18 +0000

Given the housing market and the economy, I wonder if a smart bank would look at a good tenant who pays the rent and keeps the property up as being an asset.

That's presuming they actually foreclose. Funny thing with all the reselling of mortgages: Very often the actual paperwork gets misplaced. Judges are starting to frown on foreclosures that don't have actual physical paper showing proof that the bank holds the note.

By: aeto

aeto — Sun, 01 Feb 2009 02:10:44 +0000

I've still got a house for sale! :>

Good luck, though. At least you get plenty of warning.

By: quickcasey

quickcasey — Sun, 01 Feb 2009 01:50:27 +0000

A friend once lived in a building that went condo, and the landlord tried to run everyone off, to start converting the units, but the 120 day law held.