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My landlord filed bankruptcy and I received a notice stating the bank wants to foreclose on the property...?

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  • My landlord filed bankruptcy and I received a notice stating the bank wants to foreclose on the property...?


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Answer #1 | 27/12 2013 18:22
my peers are mostly correct you have a legal obligation to pay rent. Since you are not sure who is the legal owner, most attorneys [I am not one] suggest that you open up an escrow or new bank account JUST for the rent money. do nothing more ---say nothing more IF the new owner wants you out, he must give you a legal notice.........a standard business letter, ID'ing who he is etc. After that, and IF you have confirmed that he is the new owner, you have a minimum of 30 days before you must vacate the property. I would not say one word YET about your escrowed rent money. IF the losing property owner wants to sue you let him and just go to court for the Unlawful Detainer hearing to let the judge know that you are not sure who the owner is..........and at that hearing, take a cashier's check or money order for the amount of rent that would be due. I am guessing the LL will not sue for breach of contract for non payment.........but he is legally permitted to. can guide further

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