Rent

[Blue_Ray]

Hey all, I have a question here to ask.


Since after my short-sale I moved on and rented a house. After living in it for about 6-months, to find out the owner has not been making any payments and the house is now either going into short-sale or foreclosure status. The owner has asked me if I would be interested in purchasing, but I cannot due to my credit and I am not out of the two-years since my own short-sale.

Now my concern is that I still have 6 more months on this lease and I am not sure what else to do. Any thoughts on what I should do? I really don't want to be living in a home that is in foreclosure status. Thanks for any input on the right way to go about it.

Thanks,
Ray


Note: I also have a deposit and I do pay property management as for the payment.

[ryan]

What state are you in? I would look up the FC laws and likely timelines for FC in your state. If it will likely take at least 6 months, why move until then? I am in a home in FC status, and I can tell you, it is just like living in a home that isn't.

[nc73]

Yeah I don't see why it would make any difference. Although if it is in foreclosure I wouldn't pay a dime to the landlord.

[DaddyDavid]

STOP paying the rent right away.

If it does FC< you'll be out on your keester- GA has the fastest FC laws in the country- as little as 30 days. Since you have been told there is trouble, you have a vaalid explanation for your next LL, for why you stopped paying the rent. There may be a criminaal element involved if your LL told you what is ggoing on, and charged you rent anyway?