Legal Question in Real Estate Law in Minnesota
Foreclosure on a rental property
We were just served with a foreclosure notice on the home that we rent. My question is, why do we have to continue to pay rent if the landlord is not paying the mortgage with the money? I am concerned that he doesn't have our deposit any longer.
Asked on 1/30/09, 12:06 pm
1 Answer from Attorneys
Sam Calvert
Calvert Law Office
Re: Foreclosure on a rental property
By your zip code, I assume you live in Minneapolis. I suggest you talk to the Home Preservation Project of the Legal Aid Society. In general terms, I would think about starting a rent escrow action and perhaps trying to intervene in the foreclosure.
Answered on 1/30/09, 10:43 pm