Renters Rights in a Foreclosure

6 Jul

sellyourhouseinlosangeles

You have been renting a home for awhile now, and suddenly you are told you must leave because the home is being foreclosed on. Where do you go for help and what are your rights?

The most common fear of renters is coming home to a sign on the door stating that they must be out within twenty-four hours.  Typically, this won’t happen. Many states have laws that are designed to prevent this from happening. Although it does vary, depending on the state, banks are usually required to post foreclosure notices on the building within twenty days.  These are notices that you should be able to spot.

Another way that you can know if your rental unit is headed for foreclosure is by regularly examining listings.  These foreclosure listings are easy to find online.  Properties in foreclosure should also be listed and be available for viewing in your local city…

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