Comments on: Protecting Tenants at Foreclosure Act – Fight back against predatory landlords! http://loanworkout.org/2009/07/protecting-tenants-at-foreclosure-act-fight-back-against-predatory-landlords/ - Free Mortgage, Auto and Student loan Calculators by LoanWorkout.org Tue, 18 Oct 2011 02:57:27 +0000 hourly 1 http://wordpress.org/?v=3.1.3 By: Tony http://loanworkout.org/2009/07/protecting-tenants-at-foreclosure-act-fight-back-against-predatory-landlords/#comment-19889 Tony Sat, 27 Feb 2010 20:44:27 +0000 http://loanworkout.org/?p=4904#comment-19889 Good morning Moe, I guess I don't understand the web site . When you go on the search eng. under Tony Millholen there is a web search that says Tony Millholen on protecting tenants at foreclosure act. and one of the web sites that you have listed on your info page is at the bottom of the statment, about loanworkout I just want to make sure when people see my name I'm not sending people to a web site that I don't know about and what it does. Too many People are being screwed over because of some web sites I don't want to be one of them or friends trying to get a Loan Mod.from chase. That's who the hell I am. Thanks Good morning Moe, I guess I don’t understand the web site . When you go on the search eng. under Tony Millholen there is a web search that says Tony Millholen on protecting tenants at foreclosure act. and one of the web sites that you have listed on your info page is at the bottom of the statment, about loanworkout I just want to make sure when people see my name I’m not sending people to a web site that I don’t know about and what it does. Too many People are being screwed over because of some web sites I don’t want to be one of them or friends trying to get a Loan Mod.from chase. That’s who the hell I am. Thanks

]]> By: Moe Bedard http://loanworkout.org/2009/07/protecting-tenants-at-foreclosure-act-fight-back-against-predatory-landlords/#comment-19850 Moe Bedard Thu, 25 Feb 2010 18:25:07 +0000 http://loanworkout.org/?p=4904#comment-19850 Who the hell are you? Where do I mention your name and also, lawyers make me laugh. So, with that said, NO! Who the hell are you? Where do I mention your name and also, lawyers make me laugh. So, with that said, NO!

]]> By: Tony Millholen http://loanworkout.org/2009/07/protecting-tenants-at-foreclosure-act-fight-back-against-predatory-landlords/#comment-19849 Tony Millholen Thu, 25 Feb 2010 18:10:15 +0000 http://loanworkout.org/?p=4904#comment-19849 My name is Tony Millholen I never gave you the OK to use my name to help your business please stop this at once,or you will be contacted by an attorney...... My name is Tony Millholen I never gave you the OK to use my name to help your business please stop this at once,or you will be contacted by an attorney……

]]> By: Keystone Point Property Mgmt http://loanworkout.org/2009/07/protecting-tenants-at-foreclosure-act-fight-back-against-predatory-landlords/#comment-18762 Keystone Point Property Mgmt Tue, 22 Dec 2009 18:30:49 +0000 http://loanworkout.org/?p=4904#comment-18762 I'm a property manager, and I see this situation and more and more. For you venting rentors, unless you had a lease to purchase, what's with the victim mentality?? If that is the case, than you have rights to demand the portion of the rent which was to be applied towards the purchase price. Yes there could be a cost of moving if you choose to abandon the property, or break the lease, which is not adviseable as you continue to be responsible for the terms of the lease, just as the home owner will ultimately be responsible for the unpaid mortgage, taxes, attorneys fees, etc. Depending if it's an investment property, the homeowner will receive a tax bill for the difference of the defaulted amount, so rest assured, the homeowner will have to pay in the long run. I'd lay odds that the bank would PAY you to vacate the property to cover such moving costs as it would cost them to go through the eviction process. You'd be renting anyway, and you can probably find cheaper rent as a result of the excess inventory, so what is the difference?? If it does go to a foreclosure sale, which can take a year from the initial filing, the bank has to honor your lease and likely continue to rent to you to under the same terms as Federal laws protect your tenancy rights. 1-2 months prior to the end of your term, you're in a strong position to offer a lower rent. If you want to stay in the property, make an offer to the lender to buy it, as you're in an excellent position with a vested interest. It won't matter to the owner, as the owner cannot receive funds at a short-sale. You're actually in a strong position now to buy your domicile for what you're paying in rent! If your lease does not contain terms which address a foreclosure, email me and I'd be happy to provide a lease to protect your rights for future rentals and suggestions to position a proper short-sale offer. I’m a property manager, and I see this situation and more and more. For you venting rentors, unless you had a lease to purchase, what’s with the victim mentality?? If that is the case, than you have rights to demand the portion of the rent which was to be applied towards the purchase price. Yes there could be a cost of moving if you choose to abandon the property, or break the lease, which is not adviseable as you continue to be responsible for the terms of the lease, just as the home owner will ultimately be responsible for the unpaid mortgage, taxes, attorneys fees, etc. Depending if it’s an investment property, the homeowner will receive a tax bill for the difference of the defaulted amount, so rest assured, the homeowner will have to pay in the long run. I’d lay odds that the bank would PAY you to vacate the property to cover such moving costs as it would cost them to go through the eviction process. You’d be renting anyway, and you can probably find cheaper rent as a result of the excess inventory, so what is the difference?? If it does go to a foreclosure sale, which can take a year from the initial filing, the bank has to honor your lease and likely continue to rent to you to under the same terms as Federal laws protect your tenancy rights. 1-2 months prior to the end of your term, you’re in a strong position to offer a lower rent. If you want to stay in the property, make an offer to the lender to buy it, as you’re in an excellent position with a vested interest. It won’t matter to the owner, as the owner cannot receive funds at a short-sale. You’re actually in a strong position now to buy your domicile for what you’re paying in rent!

If your lease does not contain terms which address a foreclosure, email me and I’d be happy to provide a lease to protect your rights for future rentals and suggestions to position a proper short-sale offer.

]]> By: Marilyn http://loanworkout.org/2009/07/protecting-tenants-at-foreclosure-act-fight-back-against-predatory-landlords/#comment-18743 Marilyn Tue, 22 Dec 2009 03:53:44 +0000 http://loanworkout.org/?p=4904#comment-18743 I wish there was something we could do. I rented a room from a family for 20 months and come to find they were in default of over $30K back in April. The house finally foreclosed and was repossessed by the bank in September. I gave this family over $10K during my tenancy toward a mortage they never paid. I was so freakin' mad. Then she had the nerve to go to a collection agency in town and try to collect a debt that is no longer valid. I disputed it with the collection agency and they never validated the debt or provided anything within those 30 days. I sent a "Cease and Desist" letter and haven't heard from them since! Freakin' greedy ass people! I wish there was something we could do. I rented a room from a family for 20 months and come to find they were in default of over $30K back in April. The house finally foreclosed and was repossessed by the bank in September. I gave this family over $10K during my tenancy toward a mortage they never paid. I was so freakin’ mad. Then she had the nerve to go to a collection agency in town and try to collect a debt that is no longer valid. I disputed it with the collection agency and they never validated the debt or provided anything within those 30 days. I sent a “Cease and Desist” letter and haven’t heard from them since! Freakin’ greedy ass people!

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