How do you stop foreclosure if you are staying in a rented house but the owner did not pay the mortgage?
350523
I am a mortgage specialist.  The short answer is that you can not stop the foreclosure unless you can qualify to buy the property.  How long have you been paying rent there??  Do you have cancelled checks/money orders showing the rent payments??  If you contact me at wwi_2@yahoo.com I will walk\nyou through the possibilities.  We may able to put you in an\nownership position.
1084138
Your question is a bit confusing.  You mention that the former landlord didn't pay taxes, but that the bank foreclosed.  They you say that the former landlord didn't legally own the property at all.  Which is is??\n\nAssuming that the former landlord legally owned the property and that it was either foreclosed upon by the bank or sold at a tax sale, any leases are still in full force and effect.  The new owner is required by law to honor the lease.\n\nOnce the lease expires, the new owner CAN refuse to renew it and require the tenants to move.  Normal notice is required, usually 30 days.  If you don't move out by the 30th day, you CAN be evicted.\n\nIf your lease was already expired, or if you were a month-to-month tenant when the property was sold, the new owner can require you to move.  They must give the unual notice, normally 30 days.  If you don't move out by the 30th day, you CAN be evicted.\n\nAny security deposit paid to the former owner is presumed to be held by the new owner even if the former owner did not hand those deposits over to the new owners.  You are entitiled to a refund of your security deposit (with normal deductions for damage, if any) upon move-out.  The only exception to this is if the former owner refunded the security deposit directly to you prior to the sale of the property.  In that instance, the new owner can require you to pay that money to them as your security deposit with them.\n\nIn any of the above cases, you have NO claim with the former landlord.\n\nYour state or local municipal government may have additional laws to protect tenants in this situation; check with a lawyer or tenants' rights group for further information.\n\nIf the "landlord" that rented the property to you was not legally entitled to rent the property out then you probably can be evicted by the new owner.  If this is the case, you need an attorney.  Quickly!  You may have a claim against the purported landlord; again you need to seek legal advice.
1060061
Technically you hold title to the house until the day of the auction. Once the auction is complete either someone bought it, or it goes back to the bank. You'll probably have about 2 weeks give or take before someone comes over to secure the property. By that I mean they will change the locks, disconnect all  utilities, put stickers on the house advising that trespassing is illegal, etc.\n\nYou won't know  until you call the mortgage company directly.
386339
Retrieve your copy of the rental agreement. Go through it, and there will be a section which should specify the division of liability for general house-keeping and repairs. I'm quite sure that pipes are considered part of the structure of the house, and are therefor the responsibility of the landlord, and not yours.\n\nYour best option is to issue a demand notice. State your claim for the money, and say that you will take the matter to the County (or equivalent) court if the money is not received in 14 days. She should know (especially if this is not her only property) the rules and regulations for construction issues. A simple threat is likely to yield results.
376395
Yes, I beleive that this is called 'Deed in lieu' to foreclosure.\n\nYou do not want the bank to foreclose, because that will kill your credit.  Why not just sell the property and walk away...
1073728
Before removing your self from mortgage, why did you leave the property?\nGo to a lawyer and take his advise pronto.
914771
Yes, there are investors who do real estate transactions like this on a daily basis.  It can be a great option for someone in your position to stop foreclosure, save your home, and remain in possession of the property.  If you find an investor who will help you do this, you may even end up with lower monthly payments, if they qualify for a low interest rate.\n\nThe only big thing you should be worried about is investors who scam homeowners out of their homes.  While most investors are not like this, you don't want to run into one of the criminals out there.  Some of the most common investor scams are below, so if you feel like you're in any of these situations, then think about finding another investor.\n\nSigning over the title.  With this scam, you will be forced or tricked into signing over the title to your home.  A potential investor will assure you that paying them an up-front fee and signing over your home will cause the mortgage company to record the foreclosure against them, saving your credit.  This is simply not true – because the mortgage is in your name, you are responsible for paying it, and you will be the one foreclosed on.  The investor who you have given your property to has virtually no obligation to help you and will walk away with the fee you have given them.\n\nSurprise quit-claim deeds.  Sometimes, while working with an investor, you will find out that you have signed a quit-claim deed.  What this does is gives the investor all of your ownership rights in the property.  This is used most commonly when individuals want to get rid of their properties very quickly and simply give them away, usually as a gift to a close friend or family member.  In this case, though, it is used to steal your home and the equity you have built.  If the quit-claim deed is valid and recorded, you have effectively given your property to the investor.  The investor can then do whatever he pleases with the property, including selling it for more than you owe and taking the entire sale proceeds for himself.  Or, the investor may place a second lien on your property, allow it to go into foreclosure, and be entitled to a portion of the price it sells for at the sheriff sale.\n\nExpensive leaseback arrangements.  The lease-option (or leaseback) scam has come under fire by many state attorneys general recently.  In this arrangement, an investor will offer to purchase your home and allow you to lease it from them and purchase it back when you have repaired your credit.  While this may work out in the best interests of all involved, a number of criminal investors have severely taken advantage of homeowners with this scam.  They will structure the monthly payments much higher than what you can afford, and then evict you when you fall behind in payments.  Another way this scam can work is if the buyback price is higher than the original payoff of your home.  If you can not buy the property back at that price, you will be evicted.  But even if you can get a loan for the full buyback amount, the investor will walk away with all of your equity.\n\nEquity skimming.  This scam may also be called “equity stripping,” and it is usually aimed at elderly, minority, or otherwise vulnerable homeowners in foreclosure.  It may be accompanied by a lease agreement or a quit-claim deed, but always involves selling the home to the investor.  Usually the investor will promise to pay off your mortgage if you sign over your house to them.  You may be allowed to stay there as a renter, because the investor will rent the house while he is the owner of it.  However, the investor will not pay off the mortgage, will collect the rent, and let it go into foreclosure.  Then he will sell the home, take all of the equity, and you will have the foreclosure on your credit.\n\nGood luck stopping foreclosure, though.  Hopefully everything will go according to plan.\n\nForeclosureFish\nhttp://www.foreclosurefish.com/
1028803
Have the owner(s) quit claim the property to you, if they are willing,(they might want something for their equity) then reinstate the loan by coming up with all back payments and late fees. Then notify mortgage company to start sending mortgage statement to you. You will need to get an authorization to release information signed by everybody who is on the note and or title.(This allows you to talk with the owners lender.) Some people will say that this will trigger due on sale clause, but 99.9 percent of the time, this is not true. Just because they say its not assumable, doesn't mean its true in the real world. The bank cares more to have a performing asset on their books, then to go through the expense of foreclosure. If this is not an option with the owners, since you have been renting house for two years, and if  your bankruptcy is now discharged, there are many sub-prime lenders who specialize in this type of transaction. Another avenue to consider, if there is not a lot of equity in the house, is doing a short sale,  the hurdle to get over in this situation,  is that the owner would have to be in the position to not pay his bills, or at least look that way on paper. Another way is if there is more than one mortgage on the property, the 2nd mortgage holder is usually willing to discount the note substantially, if they think there not going to recover the loan amount.. As far as paying the rent, legally, the owner cannot evict you while he is in foreclosure. (laws vary from state to state.) And yes, you will get kicked out after the property goes to auction. Another possibilty if you have the money, would be to approach the lender and see if they would sell you the mortgage. Lenders can and will do this, if you have cash money(they won't do business this way if you say you have to borrow it, although this can be accomplished if done properly, i.e. borrowing the money from someone you know) and many are willing to discount too. If you need more answers, repost with more specific info.
586709
I don't know. It probably differs from state to state.\n\nTechnically, a foreclosure is when a bank seizes a house because the payment terms have not been met on the mortgage. Often, a bank, the title holder, evicts the borrower, and they sell it for at least the balance-due for the loan.\n\nUpon foreclosure, the bank owns the property, and it's common for the bank to evict it's "tenants." I guess this hasn't happened.\n\nAs for the auction, once the house changes hands again, the bank is no longer the owner, so it'll be the new owner's call as to whether or not your neighbors are evicted. He *can* opt to keep them in the house, most likely for rent payments, but it's likely that he'll have them evicted and do what he wants with the house -- either rent it to someone else, move into it himself, demolish it, or resell it at a premium.
299162
Generally, if the lender forecloses on your property, the IRS treats it like a taxable sale or exchange, from which you may have a gain or loss, even though you did not actually sell the property. It is important that you check if the loan you had was nonrecourse or recourse. If your loan was a nonrecourse loan (mortgage secured by your home), you treat the foreclosure as if you sold the property at the fair market value. If your loan was recourse debt (meaning you are personally liable for payment) you may have to figure out if you owe taxes on income realized from cancellation of your debt, in addition to the gain or loss. It sounds so unfair, but you won't realize this taxable income as long as the value of the home is more than the value of the debt cancelled.\n\nYou should definitely consult with an experienced CPA to make sure you're filing everything correctly. If you feel overwhelmed just relax and file for an extension. It's better to get everything right the first time. Good luck.
1085340
You can legally stay in the apartment, and you most definetly should have your lawyer involved.  If said landlord is in breach of the contract, you do not have to pay rent.  Your lawyer may advise you to pay anyway, just to make you look good (if/when it goes to court), and if so - do it.  But without a doubt, get a lawyer involved.  Cases like this can be very, very tricky, especially if a property management company is involved.  (The property managers usually have pretty good lawyers!)
671428
You should contact the lender (the holder of the mortgage) for help.  They can advise.  They are the REAL owner of that house.\n\nYou have no reason to want to enter the house, so don't.  Force a sale of the house or have your ex-bf refinance and buy you out.
238894
yes you do. but you may have to prove that it is yours and you must have the police there with you. one exception if you rented the place and you left owing any rent they can hold it till you pay the past due amout but they have to send you a legal notice
735021
Yes you can! When you with hold rent the send you a court notice, take the proof (pictures, letters saying you called to have it fixed and whatever else proof you have) with you to court, tell the judge the reason show the proof and that they didn't fix it and that you asked to have it fix and nothing was done. If the judge sees it in your favor you won't have to pay the rent until it gets fix (he will order then landlord to fix it), and you won't have to pay the late fee because you had probable cause, but if he doesn't see it in your favor, you'll have to pay the owed rent money right away and possible the late fee
633916
talk to ur landlord.make up some excuse.\nwhen i moved,i told him that i was buying a house and he was ok to break the lease.
954654
If there is a lien on the property you are stuck w it- D
569480
You have to follow the terms agreed to in your rental agreement.  Sorry there is not a better answer.