How canI find out if my landlord is telling the truth when he says the property is no longer in foreclosure?
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How canI find out if my landlord is telling the truth when he says the property is no longer in foreclosure?
About 2 months ago my landlord informed me that the property I am renting was in foreclosure. Then about 2 weeks ago he said that the bank revised the loan and my rent would be due on the first as usual. However, today I was served with documents saying the property will be up for sale onthe first of next month. How do I find out who currently has control of the property and if I am still required to pay rent?
Asked on August 14, 2011 California
Answers:
M.T.G., Member, New York Bar / FreeAdvice Contributing Attorney
Answered 12 years ago | Contributor
You are still required to pay the rent in a foreclosure but you just need to know who to pay it to. If you have been served with a notice of impending sale then I would take what the landlord says with a grain of salt. A large grain of salt. Generally the landlord/owner has the right to collect on the rent until such time as the gavel falls and the property is foreclosed (and in some states the statutory time for right of redemption has passed). So pay the rent to the landlord and do not pay in cash unless you get a receipt. I would also call the lender who is on the paperwork for the foreclosure and see if there has been a receiver appointed. Call him or her and simply ask the status. Good luck.
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