What Notice Do I Need To Give The Tenant If I File Bankrupcy?

As a lardlord what type of notice do I need to give a tenant if I am filing bankrupcy and do they still need to pay if the house goes into forclosure ?

Comments(9)

  • myfrogger27th July, 2004

    You should seek out an investor in your area to assist you out of your situation. You might email the moderators and ask them for a referal if you don't know of any in your area.

  • Stockpro9927th July, 2004

    what part of the country are you in?
    [addsig]

  • tamarralewis27th July, 2004

    The house is in New york and the tenant hasnt been paying . I dont want the property anymore and it just started forclosure. I just want out

  • maw27th July, 2004

    What is owed on the mortgage? Would you be willing to sign off on the property?

  • tamarralewis28th July, 2004

    I pay 750.00 per month on the mortgage and I would sign off i dont want the house anymore

  • MarleyLiv27th August, 2004

    tamaralewis,

    have you found a solution to your situation?

  • JohnMerchant27th August, 2004

    BK law is pretty much to the effect that if you did something today with the house, that action/conveyance by you, would NOT be set aside by the BK Court.

    e.g. let's say you deeded it to Bob Buyer today. The BK court would probably not undo that deed when you did file, next month or so.

    [addsig]

  • Stockpro9927th August, 2004

    I would check your advertising, something about it isn't getting the attention you need or want.
    Second, get the word out, contact beauticians in the areas you want to invest in, they know everything about their clients. If you make it a point to let them know you will compensate them for a good lead so much the better, they may even allow you to leave your card or a flyer. Attorneys, especially bankruptcy attorneys are another good lead. I hear from one investor that he gets three leads a week by having "we buy houses for cash" letterd on his car smile
    Get creative, go public, read guerrilla marketing by levinson.
    [addsig]

  • torontoinvestor27th August, 2004

    Thanks! I was thinking along the lines of finding a list somewhere (not compiled, but one I can make with some sort of legal filings). Am I out of luck in this department?

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