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Lender renting out Debtor's condo in Vegas without Debtor's authorization?
Ok I don't have the loan docs yet, so I'm not sure whether this was at all
authorized in event of default, but it appears that the lender and/or HOA
decided to rent out my client's condo in Vegas without his authorization.
He's still on title but wants to surrender the condo in the BK and hasn't
paid a mortgage in 3 years. The lender put a lock on the condo a while
back, and just recently paid all the past due HOA fees that the Debtor owed.
What's going on here? Is that legal for them to just go in and rent the
place out without foreclosing? Whatever rents they are receiving are not
being credited to the Debtor's loan. We only know someone is living there
because of some pictures we've obtained. Debtor lives in Idaho, so maybe
they think he wouldn't notice if someone moved in.
Holly Roark
Certified Bankruptcy Specialist*
*and Sports Lawyer*
holly@roarklawoffices.com **primary email address**
www.roarklawoffices.com
*Central District of California & District of Idaho* - Consumer Bankruptcy
Attorney
1875 Century Park East, Suite 600 Los Angeles, CA 90067
T (310) 553-2600; F (310) 553-2601
*By State Bar of California Board of Legal Specialization
The post was migrated from Yahoo.