If my rental is going into foreclosure mid-month, how do I prevent loss of1/2 month’s rent?

If my rental is going into foreclosure mid-month, how do I prevent loss of1/2 month’s rent?

The condo I am renting is going to cash sale in the middle of the rental month. If I am by law supposed to continue paying rent until the foreclosure, how do prevent over paying the previous owner, since I would usually pay the full month’s amount on the first day of the month? Is it legally within my rights to prorate the amount according to the date of the cash sale? Then pay the new owner the month’s remaining balance? I am confident I will be loosing my security deposit already and do not want to pay for the second half of the month twice.

Asked on February 17, 2012 under Real Estate Law, Tennessee

Answers:

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