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Stop paying the rent on a short sale property

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Rlavoie14 Joined: 01 Nov 2009 Posts: 1 1.00 Dollars($)	Posted: Sun Nov 01, 2009 9:48 am    Post subject: Stop paying the rent on a short sale property I'm currently renting a home and the owners are not paying the mortgage. The owner has offered me the option of buying the home at a reduced cost and I have submitted an offer to the banks through a realtor. I know they are trying to short sale the home. Should I continue paying the rent on the home or save the money since they are not paying the mortgage. The home is in Maryland and the home owner in California.
raymond Community Experts Joined: 03 Jul 2009 Posts: 315 Location: Irvine, CA 60.39 Dollars($)	Posted: Sun Nov 01, 2009 2:57 pm    Post subject: I'd keep paying the rent, because you may need to prove you've always had on-time payments when it's time to buy the house. _________________ Raymond www.ReverseMortgageCalculator.org

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