Q: I am renting a home that is about to go into foreclosure. How long will I have to move out?
The papers are going to be served next month, I have been renting from the owner for years with no formal lease. Will I need to move out immediately or will I have time to save up before having to physically be out?
A: You do not have to vacate the property because it is in the middle of a foreclosure proceeding. However, if the property does get foreclosed upon, you would most likely need to work out an agreement with the new owner or vacate the property. It's important to note that since you have a month to month lease, the landlord may terminate your lease at anytime by providing you with a written 15 day notice to vacate.
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