All Forum Posts by: Scott Simmonds

thank you very much Jon. A little stress taken off my shoulders. Thanks again

Thanks Don,

My only problem is that the bank (Wells Fargo) won't give out any information on the house or account. So, from what I'm hearing from the owner is that it is short sale. I'm not sure how to find out or be notified that it has gone from Short sale to Foreclosure if it does happen.

Appreciate your time.
Scott

We signed a lease agreement to rent a house in South Carolina. Oct. 2011 - july 2012 with an extra 90 days (october 2012) to vacate after or continue renting. About 4 or 5 months into the contract, the Landlord informs me that the house is going into short sale. He is holding 2 months worth of rent for our security deposite. My question is, if someone purchases the house from the bank/owner, do they have to follow the original contract and allow us to stay in the house until october? Should I still be paying rent considering he already has our 2 months up front.
Any help is very much appreciated.

Scott