what do you do if your renting at an apartment complex in foreclosure?
July 18th, 2010
Bethany Group management company is going into foreclosure- I hear filing bankruptcy too. What do you do if you are a tenate at one of their communities? I have a friend who is in this situation- she asked me because I work in property management but I have never delt with this type of situation before so I couldn’t help her.
I would stay and pay the rent as usual because if the apt sales or gets foreclosed on whom ever holds the title will want tenants there it will be easier to sale rented property with ready tenants than having to rent them out after the sale and even foreclosures will either be for sale or auction off sooner or later if they didn’t say move I would hang in there
July 18th, 2010 at 11:49 pm
I would stay and pay the rent as usual because if the apt sales or gets foreclosed on whom ever holds the title will want tenants there it will be easier to sale rented property with ready tenants than having to rent them out after the sale and even foreclosures will either be for sale or auction off sooner or later if they didn’t say move I would hang in there
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July 19th, 2010 at 12:06 am
I would go to http://www.hud.gov, and contact a HUD agent to complain and get advice. People have been getting evicted because the landlord goes into foreclosure, and Big Brother is now aware that it is wrong to have you put on the street due to no fault of your own.
I would also call my local politicians (Senator, etc.) and complain. When they are not busy pursuing power to control the money-flow, they are actually supposed to be representing YOU. This would be an appropriate time to come to your assistance.
I wish you a good outcome to the unfortunate nonsense.
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