Originally posted by Releaf_OC:
This is a great discussion! Just wanted to add to Jon's point about the new law, tenants with a signed lease get to stay in the property until the lease is over and then an additional 90 days after that. Tenants without a signed lease only get 90 days; however, in my area I've heard lenders still serving notices in hopes of getting tenants to leave earlier (most tenants aren't aware of the new law).
I've come across this often debated question--if you're the tenant and you know your foreclosing homeowner isn't forwarding your payments to the lender, do you keep on paying? What are your obligations to pay after the house is sold at auction and you're sitll entitled to remain in the property?
Where can I find that 90 day law??
I have talked with a lot of tenets who say they stop paying. I don’t know how legal it is but I know that rent skimming is illegal. The way I see it is if they stop paying the land lord would have to pay to take the tenet to court with money they most likely don’t have seeing how they are in foreclosure. Then when they go to court the tenet can get the land lord in trouble for skimming rent if that is what is happening.
I know of one family in my area that has about 10-20 homes in foreclosure right now. And the tenets I have talked to have stopped paying rent. I wish I could get in contact with the family.
