Skip to content

Let's keep in touch

Subscribe to our newsletter for timely insights and actionable tips on your real estate journey.

By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions
Followed Discussions Followed Categories Followed People Followed Locations
General Landlording & Rental Properties
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

User Stats

3
Posts
0
Votes
Michael Petersen
  • Real Estate Investor
  • Chicago, IL
0
Votes |
3
Posts

Should I rent out our unit in arrears?

Michael Petersen
  • Real Estate Investor
  • Chicago, IL
Posted

We have decided to not pay our condo (ILLINOIS) mortgage (currently almost 3 months behind) and accept the consequences: hopefully a short sale instead of a foreclosure. We are running an ad to rent or rent to own. Is this risky or illegal in any way for us (or our tenant) to rent it out for a 6 or 12 month lease? :oops:

Loading replies...