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

    Oct 12, 2009, 06:42 PM
    Apt in a foreclosed building

    Me andmy family just moved into anapt when we just found out that it is in the process of being forclosed on. When I asked them about it the realitor and the owner are al lying saying it is not when I seen the papers myself. Now if it is being forclosed do we still have to pay the rent and if we leave do they have to give back the security deposit. Please help me.
    Fr_Chuck's Avatar
    Fr_Chuck Posts: 81,301, Reputation: 7692
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    #2

    Oct 12, 2009, 06:48 PM

    Yes you have to pay rent as long as you live there.
    ScottGem's Avatar
    ScottGem Posts: 64,966, Reputation: 6056
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    #3

    Oct 12, 2009, 06:51 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.

    Second, this question is answered at the top of the Real Estae law forum where I moved this to.

    You say an apartment, but is this a commercial building with many apartments or a private house with an accessory apartment? Your rights depend on the answer.

    Also they may not be lying. A foreclosesure can be stopped right up to the auction. So they may believe that your rental will enable them to stop the foreclosure.

    But, as long as they own the property, you are required to pay the rent. And you can't break the lease because of this.

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