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

    Oct 23, 2007, 01:50 PM
    Renting and being foreclosed on
    We are renting a house and it is being foreclosed on. Do we still pay the rent? How long do we have before we have to move out? We are in Minnesota
    excon's Avatar
    excon Posts: 21,482, Reputation: 2992
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    #2

    Oct 23, 2007, 02:19 PM
    Hello lindy:

    Yes, you must still pay the rent. You'll have to move when the new owners take over. Or, maybe they'll want to rent to you again. Who knows?

    excon
    foxy lady59's Avatar
    foxy lady59 Posts: 1, Reputation: 1
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    #3

    Feb 27, 2010, 12:25 PM

    I recently found out the property that I'm renting has been in foreclosure since 08, the landlord continued to collect rent until Dec. 09, I received notice from a realtor company that they now have possession and that Chase bank is the owner, the realtor company is trying to force me to give them a date as to when I can vacate the property, I need to know how long can live here.
    excon's Avatar
    excon Posts: 21,482, Reputation: 2992
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    #4

    Feb 27, 2010, 07:34 PM
    Quote Originally Posted by foxy lady59 View Post
    I need to know how long can live here.
    Hello lady:

    Depending on where you live, legally you may not have may not have any longer than 30 days. In the real world, however, you can probably negotiate a couple months or longer. You'll have to pay them rent for that period, of course.

    excon
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