Q&A: Can the new owner of a foreclosed property collect back rent?

Question by : Can the new owner of a foreclosed property collect back rent?
I recently found that the owner of the property I live on was in foreclosure. For this reason I’ve held on to 2 months of rent. We were informed that the property had been purchased and the new owner wanted to collect the back rent. Can they do that even if they did not own the property at that time?

Best answer:

Answer by bdancer222
Actually, it was not legal for you to withhold the rent in the first place.

The new owner may or may not be entitled to the back rent. It all depends on the terms of the purchase agreement. Maybe you should contact the former owner and ask it the back rent was passed to the new owner.

In any case YOU owe some one for that back rent.

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Foreclosure Angel: Stranger Buys Foreclosed House at Auction and Gave it back to Owner!

Foreclosure Angel A woman buys a stranger’s foreclosed home… and gives it back to her. If you want to know more about this angel contact her on facebook and send her a message here: www.facebook.com Marilyn Mock Says ‘People Need to Help Each Other’ By JONANN BRADY Tracy Pottsboro lost her job and then her home when she couldn’t make mortgage payments. On Saturday, she watched as her home was auctioned off in Dallas. “The final farewell to my house,” Pottsboro said. “It means so much to all of us. It’s not just a house.” Auctions on foreclosed houses are an opportunity for some and agony for those who’ve lost their homes. From July through September of this year, more than 2700 Americans lost their homes to foreclosure every day, according to The Associated Press. In Texas, almost 9200 homes entered the foreclosure process in September. On Saturday, Pottsboro took her seat among the crowd, waiting for house No. 73 to be called. Marilyn Mock, a small-business owner from Rockwall, Texas, had accompanied her son, who was interested in buying a house, to the auction that day. Mock was sitting near Pottsboro and noticed that she was upset. “She was crying, and I asked her what is she upset about, and you know, she lost her house,” Mock said. When the No. 73 came up and the auction began, Mock said she asked Pottsboro, “Is it worth it?” “She said yes. & I just kept taking her word,” Mock said. Mock ended up winning the auction, with a bid of about 000. And just like that

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SHELBY — Foreclosure proceedings could determine the next phase in the life of the Shelby Farmer’s Market. As of Thursday afternoon, the principals involved are expected at a hearing Tuesday in the Cleveland County Clerk of Superior Court’s…

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BMV Quantum Subliminal CD Home Foreclosure Aid: Dealing With Foreclosed House Mortgage

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BMV Quantum Subliminal CD Home Foreclosure Aid: Dealing With Foreclosed House Mortgage

How To Start a Foreclosure Cleanup-Property Preservation Business: EARN UP TO $100,000 per Year CLEANING OUT FORECLOSED HOMES

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Did the final version of Foreclosure Act include the $7000 credit for the purchase of a foreclosed home?

I purchased a foreclosure in June 2008. I know the Foreclosure Prevention Act underwent many revisions. Does anyone know if the final version which the President is expected to sign still includes the provision for the $7000 tax credit for the purchase of owner occupied foreclosed homes? I am not a first time homebuyer.