Q: The home I've been renting is gonna sell in a sheriff sale . Should I continue to pay the rent? Or should I just move
I've been in the HOME for 3 years and never missed my rental payment. I have a lease that expires May 31 2018. Do I stay and honor that lease and pay rent for property that's up for a sheriff sale. Or can I break my lease and move
A: Your lease protects you. The buyer of the foreclosure sale will have to honor it. He would even be on the hook for your security deposit. Once your lease expires you would then become a month-to-month tenant of the new landlord. At this point, the new owner may request a rent increase. It is also possible that no one buys the house at the auction and the bank becomes the owner of the house. And they become your new landlord. You have a lot of options at this point.
A: You are still obligated and protected under the terms of your lease. Consult a mortgage foreclosure defense or landlord tenant attorney.
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