Profile picture for adaali88

who get the rent money when a rental property is in foreclosure

  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
June 02 2009 - McDonough
We think we've answered this question for you!
 
 

Replies (6)

You keep paying the mortgage to the landlord, until the bank takes it on the first tuesday of the month--then you will pay them.
  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
August 11 2010
You would continue to pay the owner or whoever you currently pay. Until the bank goes thru the foreclosure process on the courthouse steps, it legally still belongs to the owner.
  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
August 11 2010
It would help more of this posting was answered a year ago - when it was posted.

Probably a non issue at this point, eh?
  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
August 11 2010
Profile picture for shasta_steve
Probably is a non issue but there are lots of people in the same boat right now.  Usually you keep paying until the house actually changes hands.  There is an clause in most mortgages here in California (probably most states)  that says the bank is able to collect the rent after the notice of default is filed.   Still it is something that is between the bank and the owner.  Pretty common here in California for the tenant to just stop paying when they find out the house is in foreclosure.  They can be kicked out but often the owner will just let it go.
  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
August 11 2010
just hang in there. Often times the bank will ask you to move out and offer you a monetary sum. Remember this sum is negotiable.
  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
August 12 2010
Agents: please learn how to READ!
this post is over a year old!!!!!
  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
August 12 2010
 
  • Be a Good Neighbor. Be respectful and on-topic. No spam or self-promotion! See our Good Neighbor Policy.
Be A Good Neighbor

Zillow Advice depends on each member to keep it a safe, fun, and positive place. If you see abuse, flag it. More on our Good Neighbor Policy.

Homes for Sale
  1. 152 Penny Ln, Mcdonough, GA Home For Sale
    152 Penny Ln, Mcdonough, GA 30253

     For Sale: $150,000

    • Beds: 4
    • Sqft: 2318
    • Baths: 4.0
    • Lot: 19602
  2. 350 Toffee Ct, Mcdonough, GA Home For Sale
    350 Toffee Ct, Mcdonough, GA 30253

     For Sale: $142,900

    • Beds: 3
    • Sqft: 2056
    • Baths: 2.5
    • Lot: --
  3. 504 Judith Ct # 0, Mcdonough, GA Home For Sale
    504 Judith Ct # 0, Mcdonough, GA 30252

     For Sale: $10,000

    • Beds: 3
    • Sqft: 2000
    • Baths: 2.0
    • Lot: --
 
 
 
Sign in with Google