I rent and the owner of the home I rent has lost the house to foreclosure I am being told that I have 30 days to vacate. Does anyone know what I can do to have more time?
2007-06-26 07:36:50 · 11 answers · asked by clover 1 in Business & Finance ➔ Renting & Real Estate
Nothing!! Once the bank takes over that is nothing you can do! & If you don't the Sheriff (how ever you spell it) can come & throw you out without all of your things & lock it. Then you can loose ALL your stuff still in there!!! It doesn't matter what was writen be for the owner lost it. The forclosure makes that written contract null & void.
2007-06-26 07:47:22 · answer #1 · answered by ClanSinclair 7 · 0⤊ 0⤋
Probably nothing. Your lease dies when the owner loses the property, and most foreclosure states give the new owner 30 days before they can take posession. Contact the clerk of court and confirm that is the law in your state; or set up an inexpensive consult with a real estate atty for suggestions; but if I were you, I'd get to packing.
2007-06-26 07:41:40 · answer #2 · answered by wizjp 7 · 1⤊ 1⤋
Depends on whether or not you have a written lease. If you have a written lease expiring at a certain time, the new owner of the property (the bank) is bound to honor the terms of the lease. Makes no difference if they gained ownership through foreclosure or another means. Your lease would still be a valid and binding contract.
If you are without written lease, then you are considered a month-to-month tenant, and state statute takes over in such a situation. Most states only require thirty days notice to terminate the typical month-to-month lease. If this is the case, start looking for a new place NOW.
2007-06-26 07:45:18 · answer #3 · answered by acermill 7 · 1⤊ 2⤋
This is a classic case where the owner took your rent money and spent it. Didn't bother paying the mortgage on the home you currently live in.
I would make plans to be out when your 30 days are up.
Begging with the Sheriff on the 30th day won't help.
Good Luck
Terry Smith
http://www.Welcome2Arizona.com
2007-06-26 09:08:45 · answer #4 · answered by Terry S 5 · 2⤊ 0⤋
if you have a signed and unexpired lease, the new owner is bound by law to honor the lease to the end. Afterwhich, you will be given 30 days to vacate.
If you had a lease and it expired and you are now a month to month tenant, you have 30 days to get out. You can negotiate with the sheriff to allow you more time to find another place.
2007-06-30 06:26:46 · answer #5 · answered by Jeffrey F 6 · 0⤊ 0⤋
Thats one of those situations where the law protects the landlord and not you. So unless something was specifically writting in your lease about it, which is highly unlikely, there is little to nothing you can do. Perhaps you could ask your landlord if there is anyway he could help you, but since he is being foreclosed on i am guessing he will not in the most generous mood.
2007-06-26 07:44:02 · answer #6 · answered by Anonymous · 0⤊ 0⤋
You can talk to the bank, or company doing the foreclosing. They might be willing to let you stay on for another month, as long as they get some rent out of it. Probably not, but you can try. It sucks for you, though.
2007-06-26 07:43:16 · answer #7 · answered by Mi Atheist Girl 4 · 1⤊ 0⤋
Nothing. A friend of mine recently went through this. If you are still there in 30 days, they will send the sheriff out to evict you. The locks will be changed and anything you have still inside of the house will be held. You may eventually get it back, but I wouldn't count on it. Mortgage companies are ruthless.
2007-06-26 07:42:40 · answer #8 · answered by sortaclarksville 5 · 1⤊ 1⤋
I think if you take her to court you would win more than just your deposit back. She has absolutely no right to keep the deposit. You could always call a lawyer and see what advice they have for you. A lot of law firms will give out free advice over the phone.
2016-05-21 01:27:29 · answer #9 · answered by Anonymous · 0⤊ 0⤋
No, the bank now owns the home. You need to start packing.
2007-06-26 07:45:00 · answer #10 · answered by Ida T 4 · 0⤊ 0⤋