Man pays $30K in rent, faces eviction

[Bay_Kat]

What makes this guy so special? People are getting evicted and forclosed on all over the place.

LAGUNA HILLS, California (CNN) -- Charles Nelson has paid about $30,000 in rent since moving into a spacious four-bedroom home in August. He was stunned when a real estate agent knocked on his door recently and said the home was in foreclosure.


Charles Nelson paid $30,000 in rent, yet he faces eviction because his landlord is getting foreclosed upon.

His landlord had not paid the mortgage since he moved in and the bank is now demanding the house back. Nelson will also lose his $7,700 security deposit.

When he confronted the landlord, he says, he was given a terse response: "That's none of your business."

"I said, 'I beg your pardon. It is my business. I mean, is somebody going to knock at the door and throw me out -- throw my family out, or what?' " he said.

Man pays $30K in rent, faces eviction - CNN.com

 

[itsbob]

I thought there was a provision on the law to protect rental tenants from just this happening.

Other words, whoever buys the property will buy it knowing it is under a current rental contract and nothing can be done until the contract is complete.

 

[Bay_Kat]

I thought there was a provision on the law to protect rental tenants from just this happening.

Other words, whoever buys the property will buy it knowing it is under a current rental contract and nothing can be done until the contract is complete.

I understand that, but I'm wondering why he's so special to make the front page of CNN with his story.

 

[jetmonkey]

I understand that, but I'm wondering why he's so special to make the front page of CNN with his story.

...

 

[Baja28]

OH NO!!! POOR PATCHY!!!
Is that why he disappeared?

 

[AndyMarquisLIVE]

I understand that, but I'm wondering why he's so special to make the front page of CNN with his story.

I'm glad this is on the frontpage of CNN. We had a similar situation in Millbrook. Parents rented townhouse and paid rent on-time every month. We were forced to move out (and into good ole' Hampshire) because the actual homeowner wasn't paying his bills. :shrug:

Unfortunately, in cases like this, the renters are completely screwed out of thousands of dollars and forced to move because somebody else is irresponsible with their money.

 

[toppick08]

OH NO!!! POOR PATCHY!!!
Is that why he disappeared?

 

[StrawberryGal]

OH NO!!! POOR PATCHY!!!
Is that why he disappeared?

He was a village idiot!

 

[Larry Gude]

Sounds like...

...yet another good reason to own.

 

[Lenny]

...yet another good reason to own.

Agreed.

"It simply smacks against all that is fair in our democratic society for people who have no control over bad decisions of other people, but ... they're impacted by this."

This guy should come to Maryland.

 

[vraiblonde]

...yet another good reason to own.

That's what I was thinking. At least when you own, whether you lose your home or not is within your control.

 

[jetmonkey]

I'm not even sure what the 30K has to do with anything. He has paid 30K for rent since August. He should not be expecting to recoup that money. As for the security deposit, I thought the law was that had to be in a segregated interest earning account. Andy, what does Judge Judy have to say about this?

 

[AndyMarquisLIVE]

I'm not even sure what the 30K has to do with anything. He has paid 30K for rent since August. He should not be expecting to recoup that money. As for the security deposit, I thought the law was that had to be in a segregated interest earning account. Andy, what does Judge Judy have to say about this?

:shrug:

I could actually see the owner being told to hand over the money - but the owner never will.

It's pretty obvious the homeowner here is irresponsible and doesn't care who his irresponsible decisions affect.

 

[somdrenter]

It's pretty obvious the homeowner here is irresponsible and doesn't care who his irresponsible decisions affect.

Given the workings of government bailouts, it simply doesn’t pay to be responsible. My bet is that the landlord is probably having trouble paying the mortgage on the house he lives in. It would be interesting to know what the landlord did with the $30K.

 

[smilin]

My understanding is that if you sell your home then the lease supersedes the sale and the tenant is protected.
However if you don't pay your mortgage: the tenant is then at the mercy of the bank (who now owns the property and doesn't have to abide by a lease it didn't sign).

As an aside, I was just reading that "Patch Tuesday" is the nickname given to the day Microsoft sends out it's updates. Any relation to our erstwhile renter?