Posted on: 15th Aug, 2013 12:11 am
Hi there... I accidentally found out that I am renting a short sale home. What will happen now? Can we do anything? This is first experience in renting a property.
Hi Ferry,
You should note that there is nothing that you can do. You have the right to live in the property until the lease expires. A short sale also does not void the lease. Thus, you will have to continue to pay rent to the owner/lender.
Thanks,
Jerry
You should note that there is nothing that you can do. You have the right to live in the property until the lease expires. A short sale also does not void the lease. Thus, you will have to continue to pay rent to the owner/lender.
Thanks,
Jerry
Welcome Ferry,
You should not stop paying the rental payments. Contact the lender and check out if you can directly make the payment to them than to the landlord.
You should not stop paying the rental payments. Contact the lender and check out if you can directly make the payment to them than to the landlord.