General Landlording & Rental Properties
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated about 7 years ago,
Section 8 Rent Payment went to old landlord -any hope?
I recently purchased a home with a Section 8 contract in place. The purchase contract noted that the Section 8 contract transfers to new owner upon title transfer. Title transferred on the 22nd of the month but the next Section 8 payment from the local housing authority was deposited into the previous owner’s bank account. I have contacted my real estate agent, the seller’s agent, the previous landlord and the local housing authority with persistence and have informed them that this needs to be corrected but I have made absolutely no headway. No return calls from my realtor (first and last time we will use him!), no response from sellers agent, no response from seller. I did receive a phone call from a top executive at the housing agency through my persistent contact and it ended in him informing me that they could not do anything and suggested I contact the seller (already did that with no success!). 100% of the rent for the home is paid by Section 8 so I am out an entire month’s rent. The home is in Cleveland and I live in Northern California. Do I suck up the lost rent for that month or is there any hope in pursuing this in any other direction?
Glad to be a new member here and to help in any way I can as an investor with property in Northern Ca and Cleveland. Thanks for reading!