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FORECLOSED Landlords Collecting Rent?
If a landlord’s property is in foreclosure, can they still collect rent? 🤔
The foreclosure process can be complicated, especially in a city like NYC, but the answer is yes - in most cases! 🏠
In this video, I’ll break down how foreclosure impacts a landlord’s right to collect rent and the key factors you need to know. We'll also discuss what happens if the bank steps in, the importance of lease agreements, and how tenants can protect themselves during this tricky time.
If you’re a tenant or landlord navigating this situation, this info is crucial! 💡
Watch now to understand your rights and responsibilities during foreclosure!
📲 929-349-8042
📧 Mo@ClosedByMo.com
IG/TikTok/YT/FB/LI @ClosedByMo
#Foreclosure #RealEstate101 #NYCRealEstate #TenantRights #ClosedByMo
Переглядів: 11

Відео

Astoria Multifamily Update 2024
Переглядів 472 місяці тому
Hi CBM Crew, Today we'll talk through some of the multifamily updates we're seeing in the NYC suburb of Astoria (Queens). If you've walked through Astoria, you know how diverse it is as well as how much of a hot bed it is for Manhattan folks that are looking for some place that's cheaper than Manhattan - but still a stone's throw away from the island. In this video I look at some in depth marke...
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Переглядів 1589 місяців тому
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КОМЕНТАРІ

  • @skeetroc5103
    @skeetroc5103 12 днів тому

    Smart move

  • @RacketTattoo
    @RacketTattoo Місяць тому

    when you say brooklyn i think about manhattans junkie backwater cousin fornicator uncle

  • @LeslieDavis-uc6xd
    @LeslieDavis-uc6xd Місяць тому

    Good report

  • @aslanmadeniyatov
    @aslanmadeniyatov 2 місяці тому

    Hi! Thanks for the episode! Could you make more videos about FHA loans for multi family? Thank you

    • @closedbymo
      @closedbymo 2 місяці тому

      @@aslanmadeniyatov thank you will do! Anything specific?

  • @aslanmadeniyatov
    @aslanmadeniyatov 2 місяці тому

    Keep the good work up! Amazing value for a New Yorkers

  • @cesarmorales1948
    @cesarmorales1948 2 місяці тому

    Thanks for the detailed info 👍🏾

  • @Victoria_Huot
    @Victoria_Huot 2 місяці тому

    The algorithm clearly doesn’t understand nobody my age will ever own land

  • @Babylon07
    @Babylon07 2 місяці тому

    Reminds me of battersea power station in Chelsea, London, UK

    • @closedbymo
      @closedbymo 2 місяці тому

      I had to look that up, lots of similarities yes!

  • @hassaninvesting
    @hassaninvesting 3 місяці тому

    How much did you have to pay the lawyer?

    • @closedbymo
      @closedbymo 3 місяці тому

      Hi Hassan - are you facing a possible tenant eviction? Costs vary wildly depending on how long it takes, most attorneys charge an upfront retainer in NYC of around $2500-$5000 to get the process started and may charge more depending on duration.

  • @zahidulislam7400
    @zahidulislam7400 3 місяці тому

    Hello, I am a viewer of your UA-cam Channel. I have seen all your videos and your content qualities are perfect. Your channel has great quality content but is still not delivering its right audiences due to SEO (Search Engine Optimization) problems. You should focus on your SEO to get a big fanbase. If you want I will help you. I am waiting for your response. Thank You.

  • @ll-qq9qr
    @ll-qq9qr 3 місяці тому

    Thank you

  • @philshelton3534
    @philshelton3534 4 місяці тому

    what areas in NYC are you invested in?

    • @closedbymo
      @closedbymo 4 місяці тому

      Reach out to me directly (DM/Text/Email) and I'll tell you :)

  • @DP-is9rs
    @DP-is9rs 4 місяці тому

    Thanks for the great video! can you please do another video like this but for a multifamily in areas like Bed-study, Crown Heights, East Williamsburg (or any other BK neighborhood with high rental demands)?

    • @closedbymo
      @closedbymo 4 місяці тому

      Hello! I definitely can do that - can you please reach out to me directly at 929-349-8042 if you have any specific properties in mind? Thank you

  • @SILENCIAQUEEN
    @SILENCIAQUEEN 5 місяців тому

    Smh

  • @houseofherrod
    @houseofherrod 5 місяців тому

    Ok

  • @ruthconley5842
    @ruthconley5842 5 місяців тому

    'promo sm' 😋

  • @RuthlessTragedy
    @RuthlessTragedy 5 місяців тому

    Fk squatters

  • @philshelton3534
    @philshelton3534 6 місяців тому

    do you have a recommendation on a good eviction attorney in nyc?

    • @closedbymo
      @closedbymo 6 місяців тому

      Good Morning Phil and yes I do - please text me directly anytime. 929-349-8042

  • @fila6243
    @fila6243 6 місяців тому

    In canada there are absolute property rights. If you are not on the title you have no rights to squat and can be removed. Its also a two party contract which means you cant produce a lease with someone elses name on it.

  • @thehowefrank7537
    @thehowefrank7537 6 місяців тому

    Get all of your receipts on paper

  • @reeferfranklin
    @reeferfranklin 6 місяців тому

    After they saw DeSantis pull it off in Florida they were like "oh s*** I didn't even know you could do that."

  • @Strigon07
    @Strigon07 6 місяців тому

    I was shocked when this was done. A common sense law from NYS. who knew that was possible.

  • @trex283
    @trex283 6 місяців тому

    There should be no squatters rights, its theft.

  • @Dupa-yash
    @Dupa-yash 6 місяців тому

    It’s absurd that squatter laws are even a thing!!!

  • @timridall2347
    @timridall2347 6 місяців тому

    Should have never been any kind of squatters rights to begin with. This country has gone to shit!

  • @Shi_Okami161
    @Shi_Okami161 6 місяців тому

    Good i think bill needs to happen all over America people are fed up with squatters we are done with them

  • @jasobobo
    @jasobobo 6 місяців тому

    Total liberal here, people need places to sleep but you shouldn’t have been able to claim tenancy. Solid update to the law

  • @tickleevergreen9418
    @tickleevergreen9418 6 місяців тому

    Yeah but they still gotta prove their squatters she did nothing except save face

  • @tampabaychameleons
    @tampabaychameleons 6 місяців тому

    You know I’ve never really been into buying or selling real estate but when I hear realtors have squatter problems, I just laugh at it because of the amount of money realtors make they could just hire some type of enforcer off the book to go in there and physically remove the squatters, and it would be cheaper than going through some type of eviction process or the courts

  • @mikecipolla7375
    @mikecipolla7375 6 місяців тому

    Omg someone in power must have had a squatter problem.....

  • @Sir0fficerNasty
    @Sir0fficerNasty 6 місяців тому

    Democrats starting to enforce laws? 😮

  • @richardallanhopkins2690
    @richardallanhopkins2690 6 місяців тому

    About time 🎉!! Bravo 😊

  • @gamersunlimited6546
    @gamersunlimited6546 6 місяців тому

    This is fantastic. Finally new York doing something I can support

  • @KitKatKman
    @KitKatKman 6 місяців тому

    It's surprising that New York is even treating criminals like criminals

    • @joselozano0528
      @joselozano0528 6 місяців тому

      There's a trend in New York of people sucker punching women & old. The law enforcement know this & is arresting everyone they catch.

  • @678friedbed
    @678friedbed 6 місяців тому

    just get out of that dump

  • @DavidTitus811
    @DavidTitus811 6 місяців тому

    But I garuntee it’s written with a short term solution in mind that’s also going to backfire on real tenants eventually Because that’s what government does Pretty soon some landlords will use the law against legal tenants in all likelihood

  • @alexthefae
    @alexthefae 6 місяців тому

    Many Squatters rights are tenants rights too

    • @closedbymo
      @closedbymo 6 місяців тому

      How so? The new law strips the "30 days" provision for squatters to claim tenants rights

  • @ZstheDeal420
    @ZstheDeal420 6 місяців тому

    About time NY is stepping the right direction. It's a small step but a step indeed.

  • @blitzv10
    @blitzv10 6 місяців тому

    So now the evil greedy house owners can actually have you arrested just for simply breaking into their house?

    • @closedbymo
      @closedbymo 6 місяців тому

      I know right, homeowners are so evil! /s

    • @Dan_is_cool
      @Dan_is_cool 6 місяців тому

      lol… I see what you did there. 😂

  • @Moscato_Moscato
    @Moscato_Moscato 6 місяців тому

    Squatters wouldn’t be an issue if the landlords in NY weren’t leeches Two people making more than min wage can barely afford rent let alone other cost of living expenses!!

    • @closedbymo
      @closedbymo 6 місяців тому

      Thank you for sharing your thoughts!

    • @ThatGuy68580
      @ThatGuy68580 6 місяців тому

      Leave NY, or the US. Go somewhere where life is valued. The American dream is now to leave

  • @scotthoover1568
    @scotthoover1568 6 місяців тому

    If you own property in NYC, sell and get out as quickly as possible. They prosecuted Trump for doing nothing wrong. Only a matter of time until they come for you

    • @closedbymo
      @closedbymo 6 місяців тому

      Alright, thanks for sharing!

  • @hedonisticzen
    @hedonisticzen 6 місяців тому

    Democrats fixing the problems they create right before election.

  • @executivegrouprealty1082
    @executivegrouprealty1082 6 місяців тому

    way to cut the video so that people don't get the rest of the story...you're still fucked if they produce a lease...even a fake and forged one...

    • @closedbymo
      @closedbymo 6 місяців тому

      Thanks for the comment... YT cuts all Shorts to 60s. If you want to watch the rest of my video check it out on all the other social apps, simply search ClosedByMo

  • @valeriekabul4364
    @valeriekabul4364 6 місяців тому

    Thanks for this! My husband and I are actually planning to do a house hack, preferably in queens -- with a FHA loan as well. Good to know that this worked out for others. I may reach out in the near future, Mo! :) cheers! 😊

    • @closedbymo
      @closedbymo 6 місяців тому

      Using the FHA loan to house hack was exactly what I also did haha! I bought a multifamily property using the program a few years ago. Please do reach out, look forward to hearing back. Simply google ClosedByMo and my contact info should pop up.

  • @JEDSaje15
    @JEDSaje15 6 місяців тому

    Wait a second... you mean it's -NOW- illegal to STEAL A HOUSE?!

    • @closedbymo
      @closedbymo 6 місяців тому

      I know... only took us a few decades to learn that in NYS Lol!

  • @Blakjakranch
    @Blakjakranch 6 місяців тому

    Well it's about time

    • @closedbymo
      @closedbymo 6 місяців тому

      A good step in the right direction!

  • @thomasschock6571
    @thomasschock6571 7 місяців тому

    Genial. She dont know, what she want. Typical

  • @philshelton3534
    @philshelton3534 8 місяців тому

    can you rent out co ops?

    • @closedbymo
      @closedbymo 8 місяців тому

      Yes you can, but every co-op board is different. Your co-op will have different "sublet" rules requirements - for example, one board I came across allowed unlimited subletting only AFTER the owner lived in the unit for 5 years. Rules vary from co-op to co-op. If you're looking to rent out your NYC co-op, please reach out to me anytime 929-349-8042, I'm happy to help!

    • @philshelton3534
      @philshelton3534 8 місяців тому

      question do i as a landlord need to legally accept CityFHEPS? @@closedbymo

  • @JamesJohnson-md6oh
    @JamesJohnson-md6oh 8 місяців тому

    I took a business on your desk big boi

    • @closedbymo
      @closedbymo 8 місяців тому

      Thanks I look forward to reading through it and responding with my own additions :)

  • @hesBACK899
    @hesBACK899 8 місяців тому

    Pin if ur him 🗿 😊