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

    Jun 17, 2008, 08:43 AM
    I have heard so many different answers to this foreclosure deal. Unfortunately my boyfriend and I are in the same boat. Our deal is our lease was up in February and we corresponded with the landlord then and he didn't want us to sign another lease because of the situation. So here we sit in the dark. Question remains can I make a deal with the mortgage people? Will we get a notice on the door to vacate in 48hrs or less? What rights do we have and more importantly what can we do?
    ScottGem's Avatar
    ScottGem Posts: 64,966, Reputation: 6056
    Computer Expert and Renaissance Man
     
    #2

    Jun 17, 2008, 08:51 AM
    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.

    Since you didn't renew a lease you are on a month to month basis. This means you can move out with one months notice. So I would start looking for a new place. Yes its possible that you will find a notice to vacate on your door. But that's not an eviction notice. You can ignore it and try to negotiate for more time. The new owner will have to take you to court to force you out. If you plead that you need more time and show you have been looking you should get more time.

    What sort of deal do you want to make? You can try and work out a sale where you take over the mortgage and pay the landlord a small amount, then bring the mortgage up to date. Or buy it outright for a little more than the mortgage balance.

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!

Renter in a foreclosure house, Do I need to pay rent? [ 2 Answers ]

I just received a notice on my door that the house I am renting is going up for auction. My landlord had never given my any notice of the situation. Do I have to keep paying rent?

Foreclosure advise I'm the RENTER [ 2 Answers ]

I am renting a home that is being foreclosed I can not get any information from the landlord or the bank in regards to WHO owns the home now the bank or him? Do I still need to pay rent? I feel that I'm unstable because the landlord has NOT paid for 4 months now, am I just giving him FREE money? ...

Renter of foreclosure [ 3 Answers ]

I am a renter who is in a forclosed home, a realtor came by and offered cash for keys which I accepted to get out in 15 days, I signed contract then he handed me a 30 days notice for property, I would rather have the 30 days instead of the cash so my kids can finish school year here, can I cancel ...

Renter in a foreclosure house [ 4 Answers ]

I am a renter of a home in Arizona. My lease is through November 2007. The owner passed away. The family informed me that the house is going into foreclosure if they cannot sell it. If the house goes into foreclosure can the bank break my lease?

Renter eviction due to owner foreclosure [ 17 Answers ]

I am currently renting a house through a property management company in Dallas, Texas and have 2 months left on our lease. I always pay rent early. I just found out that the owner of the property is apparently not paying their mortgage and may be going into foreclosure. I do not have any formal...


View more questions Search