Comments on: MS Foreclosure – Landlord going into foreclosure…help!!? http://www.bestforeclosurenews.com/ms-foreclosures/ms-foreclosure-landlord-going-into-foreclosurehelp Todays Foreclosure News & Info Fri, 26 Nov 2010 15:55:08 +0000 hourly 1 By: Ken B http://www.bestforeclosurenews.com/ms-foreclosures/ms-foreclosure-landlord-going-into-foreclosurehelp/comment-page-1#comment-1922 Ken B Fri, 05 Jun 2009 09:49:59 +0000 http://www.bestforeclosurenews.com/ms-foreclosures/landlord-going-into-foreclosurehelp#comment-1922 You need to get on his bankruptcy as a creditor in order to claim your $5000.00. You should also contact the bank that holds the mortgage note on the house that you agreed to purchase, at this point in the economy, they should be willing to make lots of accommodations to keep you in the home including crediting you the $5,000 paid toward closing costs. You are in a position to bargain hard if you want to buy the home. If the builder does not list you as a creditor on the bankruptcy, you may be able to sue in small claims for the $5000.00, he might also face criminal charges if fraud was intended.<br><b>References : </b><br> You need to get on his bankruptcy as a creditor in order to claim your $5000.00. You should also contact the bank that holds the mortgage note on the house that you agreed to purchase, at this point in the economy, they should be willing to make lots of accommodations to keep you in the home including crediting you the $5,000 paid toward closing costs. You are in a position to bargain hard if you want to buy the home.

If the builder does not list you as a creditor on the bankruptcy, you may be able to sue in small claims for the $5000.00, he might also face criminal charges if fraud was intended.
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]]> By: John M http://www.bestforeclosurenews.com/ms-foreclosures/ms-foreclosure-landlord-going-into-foreclosurehelp/comment-page-1#comment-1921 John M Fri, 05 Jun 2009 09:30:59 +0000 http://www.bestforeclosurenews.com/ms-foreclosures/landlord-going-into-foreclosurehelp#comment-1921 call the bank that holds the builder's note and tell them what is going on. they may be more than happy to sell you the house for less than your lease option shows.<br><b>References : </b><br> call the bank that holds the builder's note and tell them what is going on. they may be more than happy to sell you the house for less than your lease option shows.
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]]> By: realtor.sailor http://www.bestforeclosurenews.com/ms-foreclosures/ms-foreclosure-landlord-going-into-foreclosurehelp/comment-page-1#comment-1920 realtor.sailor Fri, 05 Jun 2009 09:24:59 +0000 http://www.bestforeclosurenews.com/ms-foreclosures/landlord-going-into-foreclosurehelp#comment-1920 Google landlord tenant laws in your state. When ownership changes, either a sale or foreclosure, the new owner must honor all existing leases. Continue making your rent payments to your landlord until directed otherwise. If you leave before the lease expires you are liable to your landlord for lease payments through the end of the lease term. As far as your $5,000 deposit you should file your claim in small claims court. At the very least you will get a judgment against the builder. realtor.sailor<br><b>References : </b><br>I'm a property manager Google landlord tenant laws in your state. When ownership changes, either a sale or foreclosure, the new owner must honor all existing leases. Continue making your rent payments to your landlord until directed otherwise. If you leave before the lease expires you are liable to your landlord for lease payments through the end of the lease term. As far as your $5,000 deposit you should file your claim in small claims court. At the very least you will get a judgment against the builder.

realtor.sailor
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I'm a property manager

]]> By: Gem http://www.bestforeclosurenews.com/ms-foreclosures/ms-foreclosure-landlord-going-into-foreclosurehelp/comment-page-1#comment-1919 Gem Fri, 05 Jun 2009 08:42:59 +0000 http://www.bestforeclosurenews.com/ms-foreclosures/landlord-going-into-foreclosurehelp#comment-1919 You need a lawyer to review your documents and see if you can recover your $5k. Since the house is being sold at auction, you might need to consider that your money is gone. If in your shoes I would pack up the bulk of my stuff, but stay right where you are at. If you want any hope of recovering your deposit, I would not leave until forced to. But for goodness sake go and consult with a lawyer or two and find out what if anything you can do. Good luck<br><b>References : </b><br> You need a lawyer to review your documents and see if you can recover your $5k.

Since the house is being sold at auction, you might need to consider that your money is gone.

If in your shoes I would pack up the bulk of my stuff, but stay right where you are at. If you want any hope of recovering your deposit, I would not leave until forced to.

But for goodness sake go and consult with a lawyer or two and find out what if anything you can do.

Good luck
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