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    Dan2303's Avatar
    Dan2303 Posts: 1, Reputation: 1
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    #1

    Sep 6, 2008, 04:57 AM
    Tenants Rights During Owners Foreclosure
    Does anyone know what the tenants rights are during a landlord's foreclosure? We are looking to rent a condo in Florida for six months, but are concerned with the high foreclosure rate in that state. We don't want to be evicted after two or three months and forced to rent at a higher rate in the middle of the peak season and lose our security deposit as well. Thank you to all who can help us.
    ScottGem's Avatar
    ScottGem Posts: 64,966, Reputation: 6056
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    #2

    Sep 6, 2008, 05:14 AM
    Basically none. As soon as a foreclosure becomes final, your lease is voided and you have to vacate.

    On the plus side a foreclosure takes a long time (up to 2 years) to finalize. So if you require the landlord to prove his mortgage is up to date, I doubt if any foreclosure would become final within a 6 month lease.
    Fr_Chuck's Avatar
    Fr_Chuck Posts: 81,301, Reputation: 7692
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    #3

    Sep 6, 2008, 07:18 AM
    If you are concerned, why not ask for a clause to be added to the lease, if they will put it in the lease then you would have protection.
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