I keep Getting Bank notices from the Mortgage Company Addressed to my Land Lord.....?

The Bank keeps sending people out to the house that Iam renting saying the Land Lord is Past Due on Payments this is an every other day occurrence..I called the Land Lord and he said that he just stopped paying a while so that they will renegotiate the contract.. My question is will my family and I get kicked into the street because my Land lord is playing games with the Bank? He keeps saying nothing is wrong and don't worry about it... What would you do and how do it should I go look for a different place to live even though Iam under contract? thanks helppppppp!!!!!!!!!!!!

I would just be prepared to find some where else to live. You get 60 days notice to move...

Personally I would stop paying rent and when he calls you- tell him you want to renegotiate your contract with him... LOL

I don't know where you live, but a lot of times here in Las Vegas, if the owner isn't paying on the house and it's goes into foreclosure, you can negotiate a "cash for keys" with the bank...usually through the agent they are using to put the house on the market. They'll give you a date you need to be out and if you do that and have the house clean - not spotless, but where they don't have to pay a lot of extra money for a service to come in and take care of it - you can get $1,000 - $2,000. Keep paying your rent though - and keep your receipts.

It sounds like he is trying to get the loan modified. He will not have a lot of luck with it being an investment property and not his residence though.

You likely have another 4 months before you would need to move out. The bank will let you know when they own it, you have 30 days after that.

If the bank forecloses, you will get evicted. You may want to start cleaning out closets in anticipation of moving.

some times bank will allow current tenants to stay in house while being foreclosed on,you need to contact creditor and ask them to stay in touch with you in regards to your continuing residency.Make sure you keep the place clean and presentable and make sure your rent is on time and that you keep receipts for rent and repairs if any.Banks appreciate some one being there to look after their investment and if new buyer is buying it as a rental,they'll be glad of having a paying tenant.If it turns out you have to move,they have to give you 60 days notice.Good luck!

I don't know what State you live in, but the contract you have with the landlord, written, oral or implied (or State Landlord/Tenant law) gives you a certain number of days to move out in the event of something like this. If so, the contract (or law) gives you rights to sue the landlord for costs in any premature eviction or other breach of contract. Foreclosures take a lot of time and you should be given ample warning before you are asked to leave. I would call your local Legal Aid. They handle landlord/tenant complaints all the time.

I also would present the next bank representative who knocks on your door a letter directing him/her to the landlord's address and a request to not be bothered with his problem anymore. He may be playing games with the bank. Withholding mortgage payments is not the way to renegotiate a mortgage, refinancing is.

Call your legal aid society or another lawyer if you feel it getting "dicey."