Spotlight Posted February 26, 2012 Report Share Posted February 26, 2012 If and when I file bankruptsy against my mortgage lender, when will the tenant have to move out? Are there any tenent protections? Link to comment Share on other sites More sharing options...
jq26 Posted February 27, 2012 Report Share Posted February 27, 2012 Too general to answer. For one thing, are you filing a 7 or 13? And you file bk, you don't file a bk against a lender. Also, check your mortgage paperwork. You may have pledged all rents as security in case of default. This is pretty standard if the property was a rental from day one. The tenant would ordinarily stay until a foreclosure or eviction took place. The bk is really only step 1. And if they're paying rent, then the lender may take the property back with the tenants.Are you underwater? Have you discussed with your lender? Link to comment Share on other sites More sharing options...
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