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View Full Version : Renting and being foreclosed on


lindyriggers
Oct 23, 2007, 01:50 PM
We are renting a house and it is being foreclosed on. Do we still pay the rent? How long do we have before we have to move out? We are in Minnesota

excon
Oct 23, 2007, 02:19 PM
Hello lindy:

Yes, you must still pay the rent. You'll have to move when the new owners take over. Or, maybe they'll want to rent to you again. Who knows?

excon

foxy lady59
Feb 27, 2010, 12:25 PM
I recently found out the property that I'm renting has been in foreclosure since 08, the landlord continued to collect rent until Dec. 09, I received notice from a realtor company that they now have possession and that Chase bank is the owner, the realtor company is trying to force me to give them a date as to when I can vacate the property, I need to know how long can live here.

excon
Feb 27, 2010, 07:34 PM
I need to know how long can live here.Hello lady:

Depending on where you live, legally you may not have may not have any longer than 30 days. In the real world, however, you can probably negotiate a couple months or longer. You'll have to pay them rent for that period, of course.

excon