I live in a rent house and the landlord is not paying his mortgage!!!?

Question

I just started my second year lease agreement on the house I'm currently in. The bank that owns the home has been by several times leaving things at our door. Today we got a letter in the mail saying that the home is going into forclosure! Are we protected because of our contract with the lease company? How does that work? If he loses the home, what happens to us if we have a rental contract?

Answer 1

I have a question for the "13 year landlord" (and all other LL's)..why isn't YOUR mail going to where YOU live??

Answer 2

I sure hope that letter was in your name and not the landlords, because if you opened a letter addessed to the landlord,you are committing a federal crime. And you better hope the landlord dont even think of that or he can press charges against you. And boy, will you pay!!!!! Then he wont lose his house.
You are liable to continue giving rent to the landlord until the house changes hands. If bought by a person, he has to honor your lease, however if the bank takes it, then you will be evicted. And they only have to give you 30 days. So start looking.
Sorry for the first part of this, but we found out alot of things way too late to take care of because tenants were opening our mail, or just throwing it away. It caused us a few problems, but it cost them way more. Like jail time.
The things the bank has been leaving at the door should have been given to the landlord immediately. You dont know how important it could be as you shouldnt be opening and reading it.

Answer 3

Your lease is now voided. Call a local attorney to protect you from this from happening to you. You are now looking for a new home to live. Of course i would get ahold of the bank and see about taking over.

Answer 4

You can be evicted. Read the notices you get carefully.