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rent? Alright so my landlord didn't pay the mortgage on the house I am renting and now it's going into foreclosure in Sept. Since he didn't pay the mortgage, I highly doubt he will have my security deposit to give back. Should I just not pay September's rent to "make sure" I get my security deposit back or is that a bad idea?Forgot to mention that we have lived there 3 years and the past 2 years we have not been under a lease. Not by our choice, the landlord said there was no need. Plus, I have paid my rent on time every single month for 3 years. I dont know if this has any bearing on what I should do, but I thought I should include it.
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You have an agreement, if you have been open with him/her you should be able to ask that question. Will I get my security deposit, if so pay if not do not. Legally he/she can not collect rent if they are not paying the mortgage.
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If you have no lease agreement and the house sells you will be evicted.
If you have a lease agreement you will be protected even if the house sells until your agreement is over. |
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on TV I've seen several nightmare situations where the new buyer has been deceived about the lease agreement and begins eviction proceedings anyway. It's a terrible situation. Basically, as soon as you see that the current owner is getting into trouble with their lender, I would begin to look for a new place to rent.
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