bankruptcy

We rented a home the homeowner wants to sell it,problem is two mortgage co. are involved with the property.one has filed bankruptcy.the rent money we give to the homeowner,she is not making the payments,can the home be forclosed on since mortgage co is in bankruptcy.second mortgage told me that since other mortgage has filed home cannot be sold till bankruptcy is discharged is this true

[bigun]

That home can darn well be foreclosed on and sold. The mortgage co. in bk has a trustee who is appointed to handle their affairs. They are still in business and if the landlord doesn't make payments, the trustee can start foreclosue proceedings.
I know several people who had a mortgage with an S&L that folded in the 1980's. They kept sending in the payments even though the bank was in receivership.