How do you answer a foreclosure suit, when you are leasing the home.?

Question

The landlord is being foreclosed on and we live in florida

Answer 1

You don't. You have no standing in the case. Unless you are offering to buy the house, the only thing you can do is prepare to move.

Answer 2

You can't answer it yourself and appear at court or represent the homeowners. You aren't their attorney, so you can't negotiate anything with the mortgage itself.

A better idea would be contacting the lender directly or its attorneys, and asking what about the status of the property. You do have some interest in it, since you have a lease, so they can give you some information, such as when the house went into foreclosure, if a sheriff sale date has been set, etc.

If a sheriff sale date has been set, then you are running out of time. But you may want to attempt to purchase the home, either before or after the auction, in order to stay there and get a good deal on the property. If your landlord doesn't give you a good deal, then the bank may sell it for very little after the foreclosure.

You can't represent the homeowners in court, unless you are their attorney. But you can represent yourself when talking directly to the bank or its attorneys.

Answer 3

There is not a lot you can do relative to your rented premises being foreclosed. Under a foreclosure, any lease agreement you may have will not be accepted by the new owner, which will most probably be the lender.

As long as the current landlord is the owner of record, you are entitled to continue to live there, with his agreement of course. As soon as the lender takes possession, you will receive an eviction notice according to your state statutes. Given what is occurring, it is advisable for you to start looking for other living accommodations now.

Answer 4

You don't. The lender is putting you on notice that you will have to vacate the home, and the notice should have had a date when you have to be out.

My advice, is to stop paying rent immediately because you WILL NOT get your deposit back. Let them send you a bill later of what you owe, and then send them the balance...that is the best way to make sure you get a "refund" on your deposit, as the bank will take care of that after moveout.

This is the ONLY time that I advocate not paying rent, as I have never seen a tenant successfully get their deposit back in court after being evicted b/c the landlord fell into foreclosure. As long as you pay what you owe, your credit should not be affected.

The foreclosure process automatically terminates the lease, therefore, this is the only time when the tenant has zero rights to stay.

Understand that the date that you have to be out is NON-NEGOTIABLE, and there is no loophole...if you are not out, they will padlock the doors.

Answer 5

while somebody buys genuine belongings they purchase any rentals obligated by ability of the valuables. Your hire expires in 2013. the hot proprietor of that belongings has to honor that hire or grant you a buyout. Buyouts are additionally widely used as money for Keys. in case you like the place you reside then stay there till your hire is up. you may desire to be waiting to hammer out a candy money for keys deal too if the hot proprietor needs you out. you have virtually 2 years left on the hire. this might properly be an prolonged time to look ahead to an proprietor who desires to purchase the residing and flow in. I see you as in a super place of potential. Make it artwork for you. Pay your hire, take exhilaration in the residing house you have and notice if the hot proprietor places up a superb money grant to get you to bypass.