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    merjosh123's Avatar
    merjosh123 Posts: 1, Reputation: 1
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    #1

    Jan 11, 2008, 07:31 AM
    Renting a home going into foreclosure
    I am renting a house and it got served foreclosure papers what should I do?
    excon's Avatar
    excon Posts: 21,482, Reputation: 2992
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    #2

    Jan 11, 2008, 10:30 AM
    Hello m:

    You're going to have to leave when the foreclosure happens. Depending on your location, you'll probably have some time afterwards to vacate - or you might not.

    I'd be ready to leave, but I'd stay long enough to find out if the new owner were interested in maintaining the house as a rental.

    Or, maybe YOU can buy the house. I'd contact the bank and ask. While I was on the phone with them, I'd ask when they plan to auction it off.

    excon
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