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View Full Version : Renting a home going into foreclosure


merjosh123
Jan 11, 2008, 07:31 AM
I am renting a house and it got served foreclosure papers what should I do?

excon
Jan 11, 2008, 10:30 AM
Hello m:

You're going to have to leave when the foreclosure happens. Depending on your location, you'll probably have some time afterwards to vacate - or you might not.

I'd be ready to leave, but I'd stay long enough to find out if the new owner were interested in maintaining the house as a rental.

Or, maybe YOU can buy the house. I'd contact the bank and ask. While I was on the phone with them, I'd ask when they plan to auction it off.

excon