hollie
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who ever buys the house has to give you a 30 day notice to move. If no one buys it the bank will probably not make you leave since they are getting money for it. Also there is a slight chance that who ever buys it will want to rent it and keep you on if you talk with them. so if you like the house stay until they make you leave. |
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lfahn25
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It is up to the buyer. They can choose to allow you to remain as a tenant, but they can increase your rent and force you to sign a new lease.
Or they can say, "I want you out."
It's up to them. Good luck!! |
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2Cute2B4Got
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Depends on the new owner. If your rent is current, you can sue the landlord for the balance of the rent that you paid. However, keep in mind that you may be in for a lot of problems, because if he had the money he would pay the house note.
You can try to secure a loan and purchase the house directly from the landlord, before the auction. He may give you a good price, since he will lose the home anyway. |
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kckontagious
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Go to the auction and attempt to buy the house. Be serious if you love this house that much try to purchase it otherwise i would be out before the new owners come in or they will assume your stuff theres since its on there premisis. |
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Rebecca H
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just move... |
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*me*
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Sit back and relax, and enjoy spending your money on something else. Because you do not have to pay rent for up to a year by law. They cannot make you leave until then. At least this is what a lawyer told us when we had to foreclose. I didn't take advantage of the money, because I couldn't pass up a rental in town that I found. |
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theon_owner10
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just have fun until then woot! |
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Sandite007
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Have her consider a Short Sale...heres why:
A) She wont get a forclosure on her credit score (which would be on her credit score for the next 5 years)
B) However negotiates the price with bank could keep you in there a the tenant..you'd just be paying his mortgage instead( it'd like paying rent anyway), it would be awesome if you could get it from her.
how much does she owe on it?
how much is it worth?
that'll give me some idea on what your negoating power might be |
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VOTE YES ON 3 IN MASSACHUSETTS
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any leases involved? any written contracts?
if not, probably nothing. |
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TireBiter
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You may luck out...the purchaser may be buying the property as income property. I would speak with the owner if possible or contact the company who is auctioning it off. They may be able to give you some information. Good luck! |
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alex T
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You don't really have a choice |
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ManeFested
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Well you'll have to move ounce the house is sold. If the people buying the house are going to rent it out you can just rent from them. |
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miko
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You need to get your belongings together..cause the sheriff could be coming to the door soon. Depending on the state you live in homeowners have between 30-90 days to move out of a forclosed home. However tenants/renters of these homes don't have to be informed of anything. I think thats utter bullsh*t |
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Alterfemego
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Just stay until someone tells you by official notice that you need to move. Oh, and don't bother paying rent, you'll need that money to find another place to live. If they just scheduled the sheriff sales, it could be as long as 6 months. Gives you time to save a tidy some of money. |
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MR. KRATOS
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You have to move out immediately after the sale,The only option i can think of is buy the house yourself or ask the new landlord to honor your old lease |
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gryphon196636
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try contacting the bank he is losing it to and find out if they are going to rent it out. Move. Wait and see who buys it and maybe they want it as a rental property also |
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Eddo
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You have 30 days from when you receive notice in most states. If it was put up for auction as a rented/leased house, you will have to discuss it with your new landlord. If you have a lease the new landlord will have to honor it. I see them in the paper all the time.
I wouldn't pay rent either. If the landlord you have now was paying his bills you wouldn't be going through this now. |
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Lunis Neko, That Arcane Kitty!
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Looks like you're in serious trouble. The picture is bigger than what you're painting, so a straightforward answer is difficult. You'll almost definitely be moving. Once the house has auctioned, talk to the new owners and see what their intention is. They may rent it to you for the same or cheaper rent, and maybe on better terms. Talk to your local legal aid office about it, and they should give you some free technical advice as to your options. |
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Kurt S
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Find a new place to live, because you have no other option then to move. |
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