Just my opinion. Landlords who take rent from a tenant, who have no intention of making the mortgage.?

Although an obligation from the owner to the mortgage company is seperate from a rental agreement from the tenant to the owner. Doesn't give the homeowner the right to defraud the renter. IT IS MORALLY WRONG. I can't believe some of the posters saying it is none of my business what the homeowner does with the rent. What about the renters right to a secure place to live?


Rent is suppose to be used to pay the mortgage. Not paying the mortgage is tantamount to FRAUD. Leaving the renters to fend for themselves is irresponsible.


Property manangement companies need to set up an account where the rent is paid directly to the mortgage company. I know I'm not alone in this situation.


If you own property and in foreclosure. Be upfront with your tenants. Don't take money from them to save your own ***. Even if it's legal to do so.

Just my opinion. Landlords who take rent from a tenant, who have no intention of making the mortgage.?
What the owner does with his property and rent is none of your business. If you want to assert your right to secure a place to live, then buy your own house, then you can have all your saying on your own financial responsibility.
Reply:It is none of your business whatsoever. If you want the security of knowing the mortgage is paid then buy a home.





There is nothing fraudulent in what the LL does with the rents.
Reply:They aren't defrauding you. You have a contract that you pay a certain amount of rent, and for that rent you get living space for that month.





It might be irresponsible, and I agree with you it's not right for them to not pay their bills, but they aren't defrauding you.
Reply:This does not affect "the renters right to a secure place to live". The renters can continue to live in the place for the duration of the lease. (This does not apply in a few special cases, such as the S%26amp;L bailout ~20 years ago.) A foreclosure on a rental property changes who is the owner (landlord), who gets to collect the rent from the tenant.
Reply:Unfortunately, the situation you describe is happening far too often. The property management companies are hired by the owners, and disburse the funds according to the contract, typically to the owner.





Greed is a powerful vice.
Reply:The landlord can do whatever he wishes with rent money collected. If he wants to keep the property, it should certainly go first towards costs of maintaining the property. Some trust deeds (the equivalent of mortgages) contain a clause assigning rents to the lender in case of defaults. Unless there is some specific representation that the tenant is entitled to long term occupancy, the landlord is not committing fraud by not paying the mortgage because that is between him and the mortgage holder. On a month to month lease, you can be told to move in a month. Not fun, but still legal.
Reply:i agree that is bs not sure what can be done about it. Landlords are generally scumbags ( though not all by anymeans) and renters are wise to try and take advantage of things like Freddie Mac to get their own homes to get out of cycle of exploitation
Reply:The only way to avoid that situation is to have something in the rental contract stating what you want to happen if the house is foreclosed on while your a tenant.
Reply:You're not allowed to post rants here, wanna rephrase into a question so you don't get a violation notice?

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