Do I keep the rent if the apartment complex is not in foreclosure yet? Posted on August 02, 2011
I own 3 rental properties in which I claimed bankruptcy on in dec. 2010. I did not reaffirm these properties but continued to pay the mortgage. I decided I could no longer afford to keep them, so I told the bank I would sign a deed in lieu of foreclosure and give them what they need. Without notice to me, they took over the properties on July 25th 2011. There have been no notifications from the court or bank. I found out about this takeover from my tenants. I received a direct deposit for August rent into my account from a tenant. Do I keep the rent or does the money belong the bank?
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