Ask Experts Questions for FREE Help !
Ask
    letts's Avatar
    letts Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Dec 8, 2007, 12:57 PM
    Rental home going into foreclosure
    I have been renting my house since July of this year. I just found out that my landlord has not been making the payments on the house and it is going into foreclosure, she just told me about it and thinks that I should be out of the house by the end of this month! What are my rights? How long do they have to give to be out? Don't I have 30 days?:(
    Fr_Chuck's Avatar
    Fr_Chuck Posts: 81,301, Reputation: 7692
    Expert
    		  
    #2

    Dec 8, 2007, 05:02 PM
    You have till the gavel hits and the house is sold. After that depending on your state, you will have 3 days to 30 days.

    A lot depends on where in the procedure of foreclosure it is
    ScottGem's Avatar
    ScottGem Posts: 64,966, Reputation: 6056
    Computer Expert and Renaissance Man
    		  
    #3

    Dec 8, 2007, 05:31 PM
    Once the foreclosure is finalized, your lease is terminated. The new owner will then need to serve you notice to vacate. If you don't vacate they will need to start eviction proceedings.
Not your question? Ask your question View similar questions
 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

Foreclosure on the Second/Rental property [ 1 Answers ]

Hi my name is Dilek, I was wondering if anyone knows or experienced about foreclosures. We cannot keep up paying our mortgage payments in our second property that was our primary residence until we bought a house thinking that we will make money by keeping the condo as rental, but we cannot rent...

Rental property under foreclosure [ 2 Answers ]

I own a rental property that I hold title only in my name. My husband holds title on our primary residence only in his name. The rental property is currently in foreclosure. I owe 520K property values went way down to 390K. I was told that if I file B.K the taxes that would incur from a 1099...

Can I lose current home if rental goes to foreclosure? [ 4 Answers ]

We bought a house about four years ago, and put our old one up for sale. When the old one didn't sell, we rented it out and tried to sell again between tenants. Four years later, the rental house has depreciated so much that it is almost worthless. We have had it on the market almost a year, and...

Rental Deposit and Foreclosure [ 2 Answers ]

What happens to a tenant's deposit when a property is sold at a foreclosure sale and the new owner continues the lease? California

Foreclosure on rental home [ 1 Answers ]

I live in a rental home and I received a notice from a lawyer that the house is being forclosed on and that there are 8 claims against my landlord. I just paid rent for this month and am pretty sure that the landlord is not going to give me back my deposit. I moved in 2 months ago and have paid...

View more questions Search