Pre-foreclosure on rental property. What are my rights as renter?
Asked May 15, 2007, 03:28 PM
I have been renting this home for the past 3 years and have always paid rent on time to the homeowner. I recently received a notice that the property will be in foreclosure if the owner does not bring her mortgage up to date by the end of this month. The owner denies that the home is about to be foreclosed and is demanding we pay rent this month or give notice that we are moving. I stopped payment on this month's rent check as we will need these funds in order to move into another homeif we need to. Does the owner have rights to evict us? Should we give notice and move immediately? The owner has not shown proof that the mortgage has been paid or brought up to date? Please advise me on what to do in this situation.