We have lived here for over a year, in a duplex. The other side was vacant UNTIL TODAY when new tenant moved in. We knew our landlord was in default on the mortgage, and have continued to pay rent in hopes he would not let it happen. But he DID. And now that the foreclosure has occurred (last week) we have found in the courthouse filed mortgage documents a rider which states our landlord (and I quote) has "no borrower right to reinstate after acceleration". Should we just get ready to move out? A notice was posted on the property 2 weeks ago, which advised of the foreclosure proceedings on the duplex, and gave notice to respond within 30 days, which we had an attorney do so on our behalf, that we occupied the premises, as if that might help. AND the new tenant next door just told me she paid 6 mths. rent IN ADVANCE to move in here, signed a lease yesterday, and didn't get a receipt. Does anyone think she got scammed, and does anybody else think I best find a new place to live ASAP?
2007-11-12
19:45:00
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5 answers
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asked by
Madji
1
in
Renting & Real Estate