Ive never been in this situation before, and I guess not alot of others have either since I cant get a definate answer. Im not sure if the bank will send me a letter of eviction or if I will get a court date or what. I am only a renter but I would think that they would have to give me some kind of eviction notice right? My landlord is no help either, she has just kind of skipped town. I think she got involved in some bad things and used my rent money to support her new found habit.
2006-08-31 10:48:15 · 7 answers · asked by Anonymous in Business & Finance ➔ Renting & Real Estate
If you have a lease, the foreclosure will have no affect on you at all. The new owner -- most likely the bank -- must honor any existing lease(s). Most likely they'll turn it over to a property management firm until your lease is up.
If you don't have a lease, or when your current lease does expire, you will most likely be given 30 days notice to vacate the premesis. There's not a lot that you can do about that, unfortunately.
When an apartment complex goes into foreclosure it's pretty much a non-event for residents as whoever purchases it is certain to want to continue operating it as an apartment complex. Single family homes are more likely to be bought by someone wishing to use it as their home. In that case, a tenant is entitled to stay only until the lease expires.
2006-08-31 11:09:43 · answer #1 · answered by Bostonian In MO 7 · 0⤊ 0⤋
do what you can to find out which bank is handling the foreclosure. schedule an appointment with them and explain your case. It would be in the bank's best interest to clear the home and resell it as a single family home, but if real estate is not selling very well, they may be convinced to resell it as a rental property with renter. having a copy of your lease could help here especially if you have a signed agreement for the next year, month, etc.
The most important step would be to get in contact with the bank before they finish the foreclosure proceedings; at which time they will start focusing on your rental agreement.
2006-08-31 10:55:59 · answer #2 · answered by yonitan 4 · 0⤊ 0⤋
She DOES have a hire. In NJ rentals are perpetual. which skill while a term hire expires, it immediately renews on a month to month foundation. In NJ there's no protection to non-charge of hire. which skill the tenant can the two pay and stay, or in the event that they don't pay ... a warrant of eliminating is issued. notwithstanding in the event that they request a hardship stay ... each and all of the back hire could desire to be paid and the hire going forward could desire to be saved present day. If a tenant claims maintenance could desire to be made, etc., each and all of the back hire could desire to be paid into the courtroom with a view to get a listening to and inspection. the seller made a extensive mistake in letting the placement pass in this long. if that they had filed suitable away, the female probable could have gained public tips and that they might have gained hire. No observe is needed via regulation for non-charge of hire in NJ (except it grew to become into exact interior the hire), so the seller grew to become into thoroughly dropping her time via giving the tenant notices and talking together with her. submitting for non-charge might have given the tenant the fast-music into the homelessness prevention application on account that she has little ones. the seller shot herself interior the foot via not submitting suitable away. The choose is permitted to grant a a million week extension for an orderly eliminating after the warrant is served. It takes some week after the courtroom date for the warrant to be processed. After the tenant is bumped off, you're able to desire to leave the area vacant for 10 days using fact if the tenant gets each and all of the money from social centers, she would be in a position to get a desire to allow her back in. Then your option is to report for eviction based upon the reality that the hot proprietor desires to occupy the premises. Sixty day observe is needed for that, after which you're able to desire to report for possession if the tenant hasn't vacated.
2016-10-01 03:42:54 · answer #3 · answered by Anonymous · 0⤊ 0⤋
This is a horrible situation - do you have a rental agreement? Find out from the rental authorities in your area what the laws are - It could also come down to wether the new buyer of the house wants to use the premesis as a rental or wether they want to live in it themselves.
2006-08-31 10:55:40 · answer #4 · answered by ♥Kazz♥ 6 · 0⤊ 0⤋
I lived in an apartment that was turned over to the bank in foreclosure, I was able to stay there and paid my rent to the management company representing the bank
2006-08-31 10:55:09 · answer #5 · answered by Voodoo Doll 6 · 0⤊ 0⤋
get your rent receipts together find out who has control of the house right now since you are going to have to pay rent very soon to someone and go from there.
2006-08-31 14:34:17 · answer #6 · answered by Anonymous · 0⤊ 1⤋
every city and state has different laws. Contact your local fair housing and employment agency.
2006-08-31 11:57:03 · answer #7 · answered by ? 3 · 0⤊ 1⤋