Credit Debt Cures
What should I do? My apt compleis is being foreclosed and has entered into bankruptcy.?
I was late on my rent this month and received a 3 day vacate notice. Anyway I stayed because I was going to pay the late fees. Well, I got a letter in the mail today stating from my landlord's attny. that a sales of "xyz" property will be held before "abc" judge on this day etc. It says something about chapter 11 and that a sell of the property will be held in about a month. It says in legal terms to make sure you are current on all your fees or have the owner cure your fees or call the court to have the owner cure you or you shall be deemed to (a) agree that no cure is due and owing and (b) agree to the assumption and assignment of your lease to the new owner. Etc. ETC This seems to me like someone is in bankruptcy and is being foreclosed on. What should I do. I am concerned about my credit after all of this is over. I meant my apt complex. I was trying to hurry and get this up. Also, the lights are included in the rent. They turned my lights off. however the braker box has no lock on it. I have the money to pay, I just don't want to get messed over in the end. I am behind on the lights also. The lights are under the apts. I have a son with severe excema so it was hard today.
Public Comments
- Bottom line is your owners are losing the property due defaulting on the mortgage the property will go to foreclosure court and the property will be taken over in receivership by another company that will take over the property and all obligations until it can be sold. The courts want to know that you aren't owed any money or if you owe money to the landlord as they need to get everything sorted out. if you fail to respond then when the new owners take over you will lose your chance to make a claim. Next, it is against the law for the landlord to turn off your utilities even if you haven't paid the rent. Tenant landlord law states that you cannot turn off utilities in order to get a tenant out. Since the landlord is in foreclosure they are being stricter on tenants and not letting anything get by them. When you get a 3 day notice you have to pay within the 3 days or the landlord can and WILL reject your rent and immediately file eviction on you. If you are past the three days and you haven't paid rent INCLUDING late fees then you might find you are out of luck and you get kicked out anyway.
