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    kiti2004's Avatar
    kiti2004 Posts: 1, Reputation: 1
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    #1

    Jan 4, 2011, 07:42 PM
    Renting a foreclosure
    Im in the same situation, The house that we are renting is set for sale on the 7th of jan.. he told us that he was trying to refinance the house which doesn't make sense, the letter said that he hadn't paid his mortgage since sep 2010, and we moved in feb 7th.. he also wants the rent for jan, I tried calling the bank on the paper that was left on the door and they could not tell me anything but that the house is set for sale on the 7th of jan 2011..
    ScottGem's Avatar
    ScottGem Posts: 64,966, Reputation: 6056
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    #2

    Jan 4, 2011, 07:53 PM

    First its not a good idea to piggyback your question on someone else's. This can lead to confusion. You should start a new thread. So I've moved your question to its own thread.

    As long as the landlord is the owner of record you are required too pay the rental. If the property is foreclosed you will have 90 days to find a new place.
    Fr_Chuck's Avatar
    Fr_Chuck Posts: 81,301, Reputation: 7692
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    #3

    Jan 4, 2011, 08:05 PM

    Often yes, some times banks are working and doing special refi, which lowers interest and more though federal program, and the sale can be canceled up to the day of the sale.

    You owe rent for the time you live in the house, and even if being forclosed.

    If you know the sale is on that day, I would pay on the first of the month, the rent though that day, if he still owns it after that day, you will have to pay him the balance,

    If he does not owe it, you will need to find and contact the new owner
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