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Can a property owner who has filed bankruptcy continue to collect rent on the property?

asked Jan 09 '11 at 17:15

rhd's gravatar image

rhd ♦♦
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Yes, the property owner can continue to collect rent on the property until the title has been transferred back to the bank or a third party. However, the property owner will also continue to be responsible for property tax, insurance and HOA assessments even after the bankruptcy has been filed for as long as the title of the property remains in the property owner.

answered Jan 09 '11 at 19:20

CeciliaChen's gravatar image

CeciliaChen ♦
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Asked: Jan 09 '11 at 17:15

Seen: 99 times

Last updated: Jan 09 '11 at 19:20

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