Real Estate Law
Have Real Estate Law Questions? Ask a Real Estate Lawyer.
Hello, and welcome. I am a licensed attorney and happy to assist.
So that I can give you the most applicable information, please let me know whether you are a tenant in the home that was foreclosed, or whether you are the prior homeowner.
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Thank you for the additional information letting me know you are the tenant. One moment while I look into this for you.
Thank you for your patience. If you are under a lease agreement with the former owner, the new owner that purchased the house in foreclosure is required to respect and adhere to all terms of that lease. You would continue paying rent and they would act in the place of your landlord. The new owner would have a right to serve you with any fiction notice once the lease terminates.
If your lease has already expired or or you are staying under a month rental, you a have at least 90 days to vacate after the new owner buys the house/building, but owe your monthly rent to the new owner in the interim. While fighting the potential of eviction in court will not do you any good, at least the law gives you time to find another place.
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