Skip to content
Learn
Get Started
Learn SMARTER Real Estate Investing Real Estate Syndications
SMARTER Phases
Strategy Market Acquisition Rehab/Rent Tracking Exit Repeat
Resources & Media
Interactive Bootcamps Self-Guided Bootcamps Pro-Exclusive Videos Events Webinars Podcasts Books Blog Resource Hub Guides
Summer Bootcamps Open for Enrollment
Pick your 8-week bootcamp: Short-Term Rentals, Small Multifamily, or Rookie?
Free Webinars
Real estate investors break down the basics, and share tips on how to get your next deal.
Tools
Calculators
Rental Property Fix And Flip BRRRR Wholesaling Mortgage Payment 70% Rule Airbnb Rent Estimator Rehab Estimator
Software & Services
Tenant Screening Property Management Lease Agreement Packages RentRedi Insurance Pro Partners
Find Deals
Real Estate Listings Find Foreclosures Real Estate Syndications Off-Market Deal Finding
Pro Membership
Get unlimited access to tools and resources that make it easier to find, analyze, and manage deals with confidence!
Build Your Team
Suggested Vendors
Find an Agent Find a Lender Find a Tax & Accounting Pro Find a Financial Planner Find a Property Manager
Vendors & Partners
Build Your Team
Search
Members Businesses Classifieds
Events & Meetups
BPCON2024 Local Meetups
Agent Finder
Investor-friendly agents who get the best deals done.
Lender Finder
Investor-friendly lenders who can get you the best funding for your strategy.
Forums
For You
Newest Trending Unanswered My Discussions Followed Discussions Followed Categories Followed Locations Followed People
General Real Estate
General Real Estate Investing Starting Out Deal Analysis Buying & Selling Business & Marketing Landlording Property Management Reviews & Feedback
Real Estate Strategies
House Hacking BRRRR Short-Term Rentals Mid-Term Rentals Multi-Family Fix & Flip Other Strategies
Finance & Financing
Lending Creative Finance Personal Finance Taxes & Legal Issues
News & Announcements
Official Site Announcements Market Trends & Data Real Estate News & Current Events Pro Exclusive Area
Events & Networking
Events & Meetups Classifieds Off Topic
Blog
General Real Estate
Real Estate News Market Trends Financing Landlording Tips Personal Finance Taxes Opinion
Top Strategies
BRRRR Short-Term Rentals Multifamily House Hacking Flipping
Sunbelt Surge: 15 Cities Dominating the Growth Charts
Simply investing in any metro Sunbelt market is not a recipe for success. To catch a cresting wave of appreciation and cash flow, you’ll need to dive deep into the metrics […]
Warning: These States and Cities Are Becoming Uninvestable Due to Politics
Taxes and regulations impact your bottom line as an investor—and not always in direct or obvious ways. Unfortunately, as soon as you start talking about either one, the average person closes their […]
Store
All Books
Browse All Best Sellers New Books & Pre-Orders Bundle & Save Books for Beginners
Simplify your goals and find clarity for your investing
Dave Meyer's newest book gives a practical framework to craft and execute YOUR personalized real estate plan.
Save money and time with efficient property management
Make the most of your time and money as a DIY landlord. Pre-order your copy before April 25 for exclusive bonuses!
Followed Discussions Followed Categories Followed People Followed Locations
Foreclosures
HomeForumsForeclosuresI'm renting condo, and my unit is being foreclosed on - options?
Gregory Robinson's profile image
Gregory Robinson's profile image
Gregory Robinson
Pro Member
  • Investor
  • from Stamford, Connecticut
  • Member since May 11, 2014
Connect

User Stats

11
Posts
2
Votes
Gregory Robinson's profile image
Gregory Robinson's profile image
Gregory Robinson
Pro Member
  • Investor
  • from Stamford, Connecticut
  • Member since May 11, 2014
Connect
Gregory Robinson
Pro Member
  • Investor
  • Stamford, CT
2
Votes |
11
Posts
Foreclosures

I'm renting condo, and my unit is being foreclosed on - options?

Gregory Robinson
Pro Member
  • Investor
  • Stamford, CT
Posted Jul 25 2016, 04:20

Hello,

I'm living in a condo, that I am renting that is being foreclosed on.  My landlord hasn't been paying the mortgage.  I don't see an auction date set yet - what are my options?  Would it make sense to contact the bank and see if they will settle with me?  I could buy the place it's probably worth $345, debt is $360k + $20k.   Is there a possibility that the bank would settle for less like $300k? Anyone have any recommendations on how to proceed? 

0 Votes
Follow
5 Replies
Jump to Last Reply
Log In or Sign Up to Reply
Sort By:

Loading replies...