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

    Jul 13, 2007, 08:29 AM
    Rentor rights
    If a foreclosure takes place on the owner of said property and there is a tenant leasing the property at auction time does the renter have to vacate or do they have the right to stay until end of lease?
    NowWhat's Avatar
    NowWhat Posts: 1,634, Reputation: 264
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    #2

    Jul 13, 2007, 08:54 AM
    I had to do a little research on this one - and so far I can not find anything on foreclosure. I have found if the property is sold. If you are in a lease, the new owner would honor that lease. If you are month to month - you can be asked to leave.
    Now, with foreclosure, I just don't know.
    Can you contact the bank or auction company. You should definitely be prepared.
    Is this a house or apartments?
    froggy7's Avatar
    froggy7 Posts: 1,801, Reputation: 242
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    #3

    Jul 13, 2007, 07:49 PM
    The general answer I've seen in other threads is that the lease ends when a house is foreclosed on. The new owner has to take appropriate steps to evict, however, so you might have a month or so after the place is sold. If you don't mind having an eviction on your record.
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