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We are in Missouri. Our landlord was foreclosed on. We still…

Customer Question
We are in Missouri...

We are in Missouri. Our landlord was foreclosed on. We still have 90 days on our lease. The new owner is wanting to flip the house and wants us out sooner. What is our legal right?

Lawyer's Assistant: What steps have you taken so far? Have you prepared or filed any paperwork?

What kind of paperwork?

Lawyer's Assistant: Have you talked to a MO lawyer about this?

No-we found out Wednesday when the new owner came by, then on Frideay he came and asked if we had a new place yet.

Submitted: 1 month ago.Category: Real Estate Law
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Answered in 1 minute by:
3/17/2018
Real Estate Lawyer: Loren, Lawyer replied 1 month ago
Loren
Loren, Lawyer
Category: Real Estate Law
Satisfied Customers: 37,310
Experience: 30 years of real estate practice experience.
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Customer reply replied 1 month ago
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Real Estate Lawyer: Loren, Lawyer replied 1 month ago

I am sorry to hear of the dilemma, but I do have information you will find useful.

If your landlord loses the rental property through foreclosure, it can terminate an existing lease and then the new owner has the right to seek to evict you. However, the new owner must go through the judicial process in order to evict you. This means that the new owner must obtain a court order for your eviction. To obtain a court order against you, the new owner must file an eviction lawsuit against you in court. It is illegal for your original landlord or the new owner to lock you out or to perform other types of self-help eviction.

If the new owner wants you out early, you may want to see if they are willing to pay you to leave early. It is called a "cash for keys" deal.

Open negotiations and see if the new owner is willing to pay you to get in early without the time and expense of going to court.

If (and only if) you are completely satisfied that your question is answered professionally and accurately, even if not the answer you were hoping to get, please remember to leave a favorable rating (click 5 stars in the rating section on this page). It is the only way that I am credited by JustAnswer for answering your question.

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Loren
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Category: Real Estate Law
Satisfied Customers: 37,310
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Experience: 30 years of real estate practice experience.

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