Am I still obligated to pay rent to my landlord even though “Fannie Mae” has claimed the home as foreclosed?
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Am I still obligated to pay rent to my landlord even though “Fannie Mae” has claimed the home as foreclosed?
I am a tenant the landlord may have possibly lost the building. “Fannie Mae” has offered me a lease agreement. The landlord denies losing the home.
Asked on January 11, 2012 under Real Estate Law, Michigan
Answers:
FreeAdvice Contributing Attorney / FreeAdvice Contributing Attorney
Answered 12 years ago | Contributor
If "Fannie Mae" is offering you a lease agreement for the unit you are occupying, you need to ask "Fannie Mae" (its representative) to provide you with any trustee's deed as to the unit you are occupying. If it is on title to the unit, then "Fannie Mae" is your new landlord and you are to make your rental payments to it.
If "Fannie Mae" cannot provide you with the deed to the property in its name after requests for such, then the landlord still owns the unit and you are to make the rental payments to him or her. Keep a copy of all correspondence to "Fannie Mae" and the landlord regarding this rental issue for future need and reference.
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