Nevada Laws If A Mortgage
Posted on | February 27, 2012 | 4 Comments
Question by jerofjungle: Nevada Laws. If a mortgage on an apartment is not paid but the rent on the apt is paid can you be evicted?
Landlord/Owner did not pay mortgage and bank is foreclosing. They are asking for an immediate vacation of premises.
Best answer:
Answer by cissyit
I think you are allowed to stay until your lease is up. Call your local courthouse and find out now.
Know better? Leave your own answer in the comments!
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Comments
4 Responses to “Nevada Laws If A Mortgage”
February 27th, 2012 @ 12:54 am
Yes they can.
February 27th, 2012 @ 1:16 am
Honestly I don’t know, but what a jerk your landlord, if you were paying the rent he supposed to be able to pay the mortgage, it is not like it was coming out of his pocket, actually it was coming from your rent. Sorry about that, good luck.
February 27th, 2012 @ 1:26 am
ur rent money is gone and there will be a new owner of that property soon once it is sold at auction. You could ask to make a “deal” to stay there and pay rent until the new owner is determined.. you could sue the land owner for “distress” etc. but it is likely not worth your while. sorry.
February 27th, 2012 @ 2:10 am
It’s a bad situation for you, but yes you can be evicted. The reason is that whoever owns the house must pay the mortgage, and they are probably renting you the apartment to help pay their mortgage.
However, if the property owner defaults on the mortgage then the bank forecloses on the property, and the house becomes the property of the bank. Since you don’t own the property you have no legal say so in the matter.
In short the bank doesn’t care if you paid your rent, their chief concern is that the mortgage hasn’t been paid. Hope all works out for you.