Hello, this is Mark Peek with Keller William’s Real Estate; I am your short sale specialist in the Sacramento area. Every year I help people avoid foreclosure by short selling their property and I’d like to help you, also.
Using the record foreclosure rates, several homeowners are able to see the tragedy coming. Once they know they will lose a job, or a medical crisis suddenly hits, it’s just a matter of time before the mortgage payment is missed, and homeowners know it. But, what occurs in case you are just renting your house and the landlord falls behind on the bills?
In this case, you might not discover until long soon after the reality that there is a challenge, particularly if the owners do not say anything. They may possibly, of course, finally inform you of the foreclosure problem when the sheriff sale is approaching, but this may provide you with only a little quantity of time to find a new place to move. And how much time do you might have, precisely?
Whenever a house goes into property foreclosure while there is an active lease agreement, the lease must be honored by both the homeowners and the tenants. This may be accurate even after the sheriff sale of the home for a minimum of ninety days in the course of the confirmation method of the auction. This is really a new law that came into effect this year, shortly immediately after President Obama took office.
My landlord of of my apartment has been in the foreclosure process for months and has given no service to all of the civil summons. Basically he is trying to avoid and run. I have been following the online docket closely and I can not wait to see this scumbag slumlord to lose the building so the bank can come and stuff can actually start getting done around here.
The management has tried to tell us that the bank is coming and no one can explain anything to us, so I would appreciate any explanation very much. Does this filing mean he is getting the building back or what?
Here is the link to online docket in case any more information is needed.
Thank you soo so much!http://apps.co.lucas.oh.us/onlinedockets…
Hi. I have a verbal month to month agreement with my landlord in New York State. She recently stopped paying the mortgage and the house is going to go into foreclosure. I got the paperwork from the attorney handling it back in November. My lanlord states that I have to continue to pay her the rent each month of $400. Is this true? I’ve heard from other sources that I can continue to live in the house with out paying my landlord until the bank gives me a 60 day notice to move.
Thanks for all your help in advance!
Landlord stopped paying mortgage for like 6 months and stopped foreclosure by filing bankruptcy on the day of the auction, and told us that bout her 3-6 months before she can file file for bankruptcy again, buying more time, CAN WE Leave?