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The short answer is yes. There are two seperate contracts in play here. Your landlord has a contract with his/her lender, which they are likely not living up to that obligation. You have a contract with the landlord that states you will pay a monthly fee on time. I have dealt with 3 different buyers in this exact situation and it is very frustrating. You are living up to your obligation and they are not. I would advise you talk to a local real estate attorney to see what your options are. Most likely it is time to start looking for a new place to live. Depending on how long they have not been paying the mortgage it is only a matter of time until the bank forecloses. I did have a client that was able to continue renting from the bank once they foreclosed and it was less than they had been paying before. This is only a temporary solution though. A great real estate attorney in the Pierce County area is Joe Zehnder at McGavick Graves, his number is 253-627-1181.Hope this helps and know that you are not alone. There are many tenants dealing with this issue.
I would modify what wetdawgs had to say by saying this: ONLY if the lender takes the property through foreclosure, would you redirect payments to them. Right now your contract is with the current owner and not the lender. If the lender takes the property through foreclosure, Washington State law protects you as the tenant for up to 90 days after the foreclosure sale if you are in a legally binding lease and are current with it's terms. If you are not current, they can serve you an eviction notice immediately. AND I'll put a caveat on this saying I'm not an attorney, this should not be taken as legal advice and you should REALLY contact a real estate attorney to really know what you should, could, can do in this situation. I have some great referrals, just drop me a line and I'll get you in contact with them.
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