Yes, you’ll keep paying rent as normal, and in the usual amount, but who you pay rent to will change as the foreclosure advances.
Once the lender assumes ownership, you may pay directly to a bank or mortgage company. Alternatively, the court may appoint a receiver, who will notify you of the particulars of rent payment for the duration of the receivership.
If your building is being foreclosed upon and no one has told you where your rent should go, we can help you avoid delinquency in payment and the problems that can go with that.
Call the attorneys at Zelenitz, Shapiro & D’Agostino today at 718-599-1111 for a free consultation.