Minnesota  |  Real Estate Law

Legal Question

Asked on: 4/27/09, 9:53 pm

Rental Property

We have a rental property that used to be a primary residance. Our incomes are down and we are unable to make our payments. Our bank will not work with us on lowering our rate or refinancing. If we let the property go into foreclosure, can the bank come after rent paid or should we put the money aside in an escrow account?

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