scaredrenter
Jul 2, 2008, 05:27 PM
We have recently received a notice on our door-"Notice of Trustee's Sale" on July 21st, 2008. We have been renting this property in Southern California since September 07 and have signed a one year lease. For the past 6 months we have been getting random mail about a debt being owed by our landlords and have forwarded it all to them. They have continually informed us there is nothing to worry about and that they have it taken care of. Before this notice was posted yesterday on the door, we believed them. I called the loan corporation regarding the letter and they said a payment plan has been arranged by the owners but the sale could continue. I know that in the event of foreclosure your lease is no longer valid. I have a few questions: will we be given the standard 30 day notice? Can we be legally forced out in a shorter amount of time? Will they still be required to provide us with our security deposit? Can we be locked out of our house with out notice? I am a single mom with a 3 year old son and his safety and happiness is of course my number one priority so any advice you give me is greatly appreciated. Thank you so much.