Bank took possession of house, renting an apartment.?

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I live in a house in Philadelphia Pa that has 4 apartments. The landlord has not paid taxes in 3 years on the property and defaulted on the mortgage loan. The bank took possession of the house, sent me a certified letter stating that any future rents are to be paid to the bank. Our neighbor never got a letter, he asked the landlord about it and he was told to f%(+ the bank and continue to pay him rent. Since the bank took the house what happens next, how long til it goes up for sherifg sale? The landlord had many housing violations that were never repaired. I was told that the bank goes by different rules, if we dont pay them the rent we would be evicted. Our rent has been in escrow since he refused to do repairs as per the unspector. Do I still have any rights as a tenant

  1. Reply
    May 16, 2011 at 11:56 pm

    Any complaints against the former owner are not necessarily honored by the current owner. The bank does not go by a different set of rules. The bank would want to eventually sell the property. Therefore they are not gonna make any repairs to the property.

    What rights are you expecting as a tenant? You have the right to pay the agreed to rent, if things are not going according to the way you expect them you have a right to move and seek housing else where.

    Even with making complaints to the housing department of the city and eventually the owner getting around to complying with the complaint, why would you want to put your children in this unhealthy situation just to prove a point. You should not place them in this situation under any circumstances.

    I hope this has been of some benefit to you, good luck.

    “FIGHT ON”

  2. Reply
    May 17, 2011 at 12:54 am

    Continue paying rent into the escrow account, that is a court order, it trumps the bank.

    Inform the bank and give them a copy of your court order, this is their problem, not yours.

  3. Reply
    May 17, 2011 at 1:19 am

    You are legally required to pay rent but you can also remain there until your lease expires. If you dont pay rent you can be evicted just like any other place that is not in foreclosure. You can move. That is your right. You should have taken care of repairs yourself and deducted it from your rent. It does not matter now because you will be moving when your lease expires.

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