Results 1 to 3 of 3
  1. #1
    Join Date
    Oct 2011
    Posts
    2

    Default Collecting Rent and Not Paying Mortgage

    My question involves landlord-tenant law in the State of: Florida

    I have a rental that I am planning to short sell. My attorney (licensed foreclosure attorney, CPA and IRS attorney) advised me to find a renter (month-to-month most likely) and rent the place but still not pay my mortgage. This is to recoup my many losses. My friend, a realtor, says this is definitely illegal, yet she is not an attorney so I don't really trust her. Is there a real estate attorney out there who can answer definitively if this is illegal or not?

  2. #2
    Join Date
    Sep 2005
    Location
    Behind a Desk
    Posts
    98,846

    Default Re: Collecting Rent and Not Paying Mortgage

    Ask your friend to identify the statute that makes it illegal.

    Note that if you rent on a lease for a specific term and you breach your contract due to a foreclosure, you can be liable for that breach. Perhaps that's what your friend means.

  3. #3
    Join Date
    Jul 2009
    Location
    Cinnaminson, New Jersey, United States
    Posts
    205

    Default Re: Collecting Rent and Not Paying Mortgage

    It is not illegal. It is immoral.

    1. Sponsored Links
       

Similar Threads

  1. Unemployment Benefits: Am I Required to Take a Lesser Paying Job if Collecting Unemployment
    By Jim2852 in forum Employment and Labor
    Replies: 3
    Last Post: 10-10-2010, 08:40 AM
  2. Rent and Utilities: Landlord Not Paying Mortgage but Receiving Rent
    By angryingeorgia in forum Landlord-Tenant Law
    Replies: 11
    Last Post: 06-05-2010, 11:39 AM
  3. Rent and Utilities: Paying Rent but Landlord is Not Paying the Mortgage
    By ghwlynn in forum Landlord-Tenant Law
    Replies: 1
    Last Post: 02-17-2010, 05:14 PM
  4. Unemployment Benefits: Collecting Rent and Unemployment
    By Piff in forum Employment and Labor
    Replies: 1
    Last Post: 08-25-2009, 03:54 PM
  5. Eviction Process: Does a Non Rent-Paying Guest Have Rights Vis a Vis the Rent Paying Roommate
    By TKNYC in forum Landlord-Tenant Law
    Replies: 1
    Last Post: 02-12-2009, 07:45 AM
 
 
Sponsored Links

Legal Help, Information and Resources