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If your renting a home in foreclosure when do you stop paying rent?
Wiki User
∙ 13y ago
Not until there is a foreclosure sale.
Wiki User
∙ 13y ago
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The home I am renting was recently sold through foreclosure. Do I still pay rent to my landlord?
Definitely not. The previous owner is no longer your landlord, and not entitled to any rent.
Is a rent to own home usually costlier than just renting or buying?
Renting to own items, or even a home, make a huge profit for the renting conpany. This means that you are paying far more for them than if you purchased them outright.
When does a bank issue a foreclosure notice?
Usually after 3 months of not making payments on your mortgage or rent, you will get a foreclosure notice. If you are renting its usually sooner.
If you buy a house do you have to pay rent?
If you purchase a home you have to pay a mortgage which is a repayment of a loan you used to purchase the house. Paying rent is when you sighed a leasing agreement for an apartment you are renting.
Can you rent out your home while home is in foreclosure?
Yes you can, but in most states you have to tell the potential tenant about this foreclosure.
Do you keep paying rent to your landlord being that foreclosure letter are coming to the home?
yes. you arer under contractual obligation to pay regardless of what is happening with the landlord
What is the difference between renting a home and buying a home?
When you rent a home you pay repeditivly for a long time instead of buying which is paying for the whole house and only having to pay bills later.
What is the practice of renting land from landowner and paying rent with a portion of the crop produced on that land?
sharecropping
Is the practice of renting land from a landowner and paying rent with portion of the crop produced on that land?
sharecropping
How can a person rent to own houses?
A person can rent to own houses, by renting a home or domicile for a certain period of years, paying off the value of the home in payment installments in a predetermined time. Once the entire value of the home has been off, ownership is transferred.
Can you rent out that home while that home is in foreclosure?
Yes, you can. But you must tell your new tenant about the foreclosure so that he can make a good decision on whether to rent the home. The new tenant will receive instructions from the foreclosing entity when the process has reached that point.
Buying a house or renting a house?
If you can buy, definitely do that. That way instead of paying rent, you're paying off your mortgage. It depends on the relative cost of buying versus renting in your area. In many places it costs less on a monthly basis to buy a home than to rent one, but in some locales rent is very cheap compared to buying a house. In those places you might be better off renting and saving the additional money that would have gone towards the costs of buying. That money saved could be used to buy a better home at some point, perhaps in a cheaper city.
