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    theresalyles's Avatar
    theresalyles Posts: 3, Reputation: 1
    New Member
     
    #1

    May 16, 2008, 05:39 AM
    I am a renter in the state of Florida. I was given a copy of the foreclosure notice given to my landlord.1. Am I able to get my money back at this time for my security.2 Get a new place by the first of the month (since it is the 16th) without ramifications?
    ScottGem's Avatar
    ScottGem Posts: 64,966, Reputation: 6056
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    #2

    Jun 24, 2008, 12:04 PM
    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.

    Until the foreclosure is final, you are obligated under the lease. The landlord may be able to prevent foreclosure. If the landlord releases you then you are free to move, but otherwise bound by the lease.

    Once the foreclosure is finalized, the lease is voided. Generally, the mortgage lender or new owner will give you some time to vacate. They may even pay you to vacate (money for keys).

    As for your deposit, the landlord is obligated to return it. But if he doesn't have the money to pay the mortgage, it might be hard getting the deposit back from him.
    Fr_Chuck's Avatar
    Fr_Chuck Posts: 81,301, Reputation: 7692
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    #3

    Jun 24, 2008, 12:57 PM
    The deposit, is is suppose to return it, yes, will he, doubtful, if he is not paying his mortgage will he pay your deposit back.

    Here is the hard part, in FL there is no real protection for you, so as long as he owns the property, you owe the landlord the rent. If you don't pay he can evict you for not paying,

    BUT>>> once the property is physcially foreclosed then the bank owns it and they can evict you fairly quickly.

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