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    georgeja's Avatar
    georgeja Posts: 2, Reputation: 1
    New Member
     
    #1

    Feb 16, 2009, 05:36 PM
    Renting in FORECLOSURED house
    I have received the papers from the bank stating that the house is in Foreclosure I was told by the house manager that the owner did not wish to resign a new contract for one more year I was told that in may of 08 but she told me I can stay until I received paper that the house is in foreclosure well I have 2 weeks after paying JAN rent if the owner agree on a contract later I never receive a copy of contract so do I still need to pay her rent?
    ScottGem's Avatar
    ScottGem Posts: 64,966, Reputation: 6056
    Computer Expert and Renaissance Man
     
    #2

    Feb 16, 2009, 05:54 PM

    You need to pay rent as long as they own the property and you live there. Or until they tell you otherwise.
    Fr_Chuck's Avatar
    Fr_Chuck Posts: 81,301, Reputation: 7692
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    #3

    Feb 16, 2009, 07:41 PM

    Unless this is California, you are obligated to pay rent for as long as you are living in the house, since a foreclosure may and can take months and months, it is hard to say how long before the bank takes over.

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