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Updated about 15 years ago,

Michael Petersen's profile image
Michael Petersen's profile image
Michael Petersen
  • Real Estate Investor
  • from Chicago, Illinois
  • Member since Oct 28, 2008
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Michael Petersen's profile image
Michael Petersen's profile image
Michael Petersen
  • Real Estate Investor
  • from Chicago, Illinois
  • Member since Oct 28, 2008
Connect
Michael Petersen
  • Real Estate Investor
  • Chicago, IL
0
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3
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General Landlording & Rental Properties

Should I rent out our unit in arrears?

Michael Petersen
  • Real Estate Investor
  • Chicago, IL
Posted

We have decided to not pay our condo (ILLINOIS) mortgage (currently almost 3 months behind) and accept the consequences: hopefully a short sale instead of a foreclosure. We are running an ad to rent or rent to own. Is this risky or illegal in any way for us (or our tenant) to rent it out for a 6 or 12 month lease? :oops:

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