I am currently renting an apartment from a homeowner who is in Foreclosure. Am still required to pay her rent knowing she's losing her house? I have 4 children and a dog and will have to find another apt if this house is sold to the bank. How do I handle a situation like this?
1 Answer from Attorneys
In some cases, you may be protected as a renter. It depends on the terms of your lease. There was legislation passed to protect tenants in your position when the mortgage crisis occurred so your situation may not be as dire as you would think.
As a real estate attorney, I would urge you to contact a real estate attorney so that they can tell you where you stand. It's impossible to give specific advice with these limited facts but this article may help you to understand your rights a bit better:
Hope this helps.
Christopher Moye, Esq.
Related Questions & Answers
My husband and I are going into foreclosure on our house. Once we are evicted and... Asked 4/10/13, 7:01 am in United States New York Real Estate and Real Property
My brother has been in the hospital since feb 2 and has not paid his rent, can I... Asked 4/08/13, 4:20 pm in United States New York Real Estate and Real Property
If a party has resided in a property whose owner died but there has never been a... Asked 4/03/13, 10:03 am in United States New York Real Estate and Real Property
Is a public benefit corporation (“PBC”) legally responsible for replacing a dryer... Asked 4/02/13, 10:54 am in United States New York Real Estate and Real Property
I am sole owner a $600,000 home in NYC and I missed the previos 5 mortgagepayments... Asked 3/29/13, 1:28 am in United States New York Real Estate and Real Property