Comments on: Renters: Foreclosure rights improve thanks to Helping Families Save Their Homes Act

By: Pam

Pam — Mon, 16 Nov 2009 20:11:55 +0000

As a renter in a home that has been foreclosed. I now have my 90 days to rent the home and prepare myself to move. My question is, do I have to show the home during this 90 day period?

By: p.mitchell

p.mitchell — Thu, 02 Jul 2009 17:57:40 +0000

UNFAIR TO THE LENDER ?? IT IS MOSTLY UNFAIR TO THE TENANT WHO PAID HIS RENT BUT YOU DID NOT USE THIS MONEY TO PAY YOUR LOAN AND AT
THE TIME OF THE NOTICE OF DEFAULT …YOU DEFAULTED AND RENTS PAID
SHOULD GO TO THE LENDER NOT BORROWER AS UNDER THE NEW LAW COLLECTING RENTS AFTER 30 DAYS FROM THE NOTICE IS ILLEGAL AND YOU CAN BE SUED

By: Arlene

Arlene — Wed, 17 Jun 2009 22:02:22 +0000

I know it’s very unfortunate. As a Landlord and having a good renter, I feel very bad that this is happening. But my renter told me that her lawyer said that I had breached the contract and therefore my renter did not have to pay me anymore rent. So, does my renter is legally authorized to live for free? The property is still under my name until the bank takes it away right? This is so confusing and unfair to the lender.

By: Heloc

Heloc — Wed, 27 May 2009 17:19:49 +0000

Foreclosure is such a hard situation for all involved. From the property owner who lost the property because he couldn’t keep current with the loan to the tenant that has lived in the property. What’s amazing is the government need to legislating what the self interest of the lender should already be. The Mortgage Company is in the lending business. Why you would want to evict a rent paying tenant because the landlord changes is beyond me