House for sale with renter

fromindytoisland · #1 Aug 18, 2007, 05:53 AM

I am 3 months into a 12-month lease. The owner has listed the house for a "short sale". Does this mean that it is in foreclosure? What happens to my lease if the house is sold or foreclosed on? It doesn't address this situation in my lease. Do I lose my deposit? If the new owner doesn't want to rent am I protected?

fromindytoisland · Aug 18, 2007, 06:19 AM

Quote:

Originally Posted by fromindytoisland

I am 3 months into a 12-month lease. The owner has listed the house for a "short sale". Does this mean that it is in foreclosure? What happens to my lease if the house is sold or foreclosed on? It doesn't address this situation in my lease. Do I lose my deposit? If the new owner doesn't want to rent am I protected?

Thank you. Your answer helped a great deal.



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