Who do I pay my rent to when my mortgage company is in foreclosure? The bank or the management company
Atty Walton generally has a good answer. Rather than starting a separate interpleader action, you may simply be able to join the foreclosure...
Kenosha, WI
Real estate Lawyer at Kenosha, WI
Practice Areas: Real Estate, Business, Estate Planning
Atty Walton generally has a good answer. Rather than starting a separate interpleader action, you may simply be able to join the foreclosure...
Your question raises several issues. Is there a deficiency judgment being sought by the mortgage holder? If not, end of story. In a short sale...
Generally mortgages contain provisions that if the property is sold or foreclosed upon, the outstanding loan obligations secured by the mortgage...