Comments on Naheed Amdani, Attorney: Tenant Rights in Foreclosed Chicago Property

If you choose to stay in the apartment, the bank m...

2010-02-04T17:33:14.848-06:00

If you choose to stay in the apartment, the bank may try to evict you (which could take a while). However, in order to understanding all of your options more fully, you should contact an attorney specializing in tenant matters in your area.

I'm renting an apartment that is going to foreclos...

2010-02-04T14:05:36.430-06:00

I'm renting an apartment that is going to foreclose this month. The landlord didn't tell us about this until a letter came from the broker representing the bank. I asked them and they are offering us the "cash for keys" program so we can vacate the building in about 30-45 days and which is l think a shady offer. It's winter time and my kids are still in school. It will be very difficult for us to find another place which is near to my kids school. My son has a medical condition and we need to live at least 3 blocks away from their school so we can be there in case something happens. I have a yearly lease which will expires on July 5,2010 and we're are not expecting to move out soon. This is all came to us as a shocked. By the way, I still have a 1 month advance deposit here, can I still ask the landlord to return it to me although l'm going to stop paying rent this month?
Thanks so much and hoping you will give me an idea on what can we do in this kind of situation.

Hi Mike, That depends on so many factors! Possib...

2009-11-10T16:42:39.771-06:00

Hi Mike,

That depends on so many factors! Possibly, possibly not. You should consult with an attorney specializing in tenant matters in your area.

Naheed

Naheed - I'm paying rent for an apartment that i...

2009-11-06T18:28:06.869-06:00

Naheed -

I'm paying rent for an apartment that is now under foreclosure - If I find another place to live am I allowed to break my lease and move out early?

Hi Majed, If the house was already foreclosed, yo...

2009-11-02T12:47:09.054-06:00

Hi Majed,

If the house was already foreclosed, you should not be paying rent to your old landlord. At the very least, try to find out who is now responsible for the property and call them and see if you can work something out -- that's the cheapest thing you can do!

Naheed

Hello Naheed, We moved into a nice home in oakbroo...

2009-10-31T08:00:53.789-05:00

Hello Naheed,
We moved into a nice home in oakbrook Terrace,Dupage County On July 1st.We signed a lease with the owner.He didnot tell us that he was going through foreclouser.We just found out that the house was forecloused on october 27th,09.We have three children in school,one of them is handicaped.We never missed a payment,we pay $2,500.00 per month.What are our rights?and should we keep paying the rent to the owner?
Thank you,Majed

Sorry for the late response! You should check wit...

2009-05-26T16:19:22.800-05:00

Sorry for the late response! You should check with the Cook County Circuit Court Clerk's office. Give them the exact legal name of your landlord, and see if there is a foreclosure suit filed against him or his company! Unless you choose to leave, you should probably keep paying rent.

Thanks for your help Naheed, you are offering know...

2009-04-27T15:46:00.000-05:00

Thanks for your help Naheed, you are offering knowledge and help to people that are not in the know. I am currently renting a 1br condo in the south loop that I believe the owner received a Notice of Default in February, but I am not positive. Where can I find out the status of my rental property, and if it is in foreclosure should I still keep paying rent? Thanks

Whether or not it's a good idea is totally subject...

2009-04-05T18:24:00.000-05:00

Whether or not it's a good idea is totally subjective. If you're getting an incredible deal and you understand that you may have to move out if your landlord is foreclosed, then you might consider it. On the other hand, perhaps the landlord doesn't have enough money for general upkeep and you may not receive certain services and the building may not be maintained properly. Weigh the pros and cons before you sign the lease! Good luck!

I saw an ad for renting a forclosed 1 bdrm condo--...

2009-04-05T11:30:00.000-05:00

I saw an ad for renting a forclosed 1 bdrm condo--the ad declares the property is in forclosure up front. The rent is cheap, the amenities are great, and no security deposit is required. Your site states that chicago law requires that tenants get 90 day notice (I'd take 60 days, actually) if they are being evicted. Is it NEVER a good idea to rent a forclosed property? 'Cuz this looks like a really good deal....