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You are renting a home and it has been declared as a foreclosure do you pay your rent?
Wiki User
∙ 11y ago
Yes, to whoever has control over the property. Until the foreclosing agency or entity has taken possession of the property and giving you proper notice and instructions, the original landlord may continue to collect the rent and to evict a tenant for nonpayment or other violation of the terms of the lease.
Wiki User
∙ 11y ago
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If your renting a home in foreclosure when do you stop paying rent?
Not until there is a foreclosure sale.
The home I am renting was recently sold through foreclosure. Do I still pay rent to my landlord?
Definitely not. The previous owner is no longer your landlord, and not entitled to any rent.
What if you're renting a home that went into foreclosure?
i am currently go through the same thing and i am sorry to say you have to get out after the auction you have a bout 30 days to be out the whole process about 90 days start to finish.
What are the pros and cons of renting a home?
The pros of renting a home, is that you are not tied down to that one residence. The cons of renting a home, is that you'll never own that residence.
What is a pre foreclosure?
A pre-foreclosure property has a delinquent loan and the owner is in imminent danger of losing his home due to foreclosure. His property has been listed as delinquent and will soon be taken into the custody of the lender. Buyers may be able to obtain a pre-foreclosure for 40 percent less than the home's market value, and the deal would close quicker than would a foreclosure.
Can you rent out your home while home is in foreclosure?
Yes you can, but in most states you have to tell the potential tenant about this foreclosure.
Can a second mortgage put your home in foreclosure?
Yes, any unpaid mortgage can put your home in jeopardy of foreclosure.
In California what is the time limit for moving out of a foreclosure?
what is the time for foreclosure on a home in california?
Why would someone get a foreclosure notice?
Foreclosure notices are served on those who have not been able to keep up with their mortgage payments on their home. They are akin to an eviction notice, as the bank is claiming their property.
What is a pre foreclosure home?
A pre-foreclosure home is a home in which the owner is in immediate danger of losing their home, possibly due to unpaid loans or mortgages, but has not lost it yet.
What is a bank foreclosure?
It when your mortgage to the bank has been defaulted on and they decide to take back your home to compensate for their lost money.
Can you get approved for a home after foreclosure?
You are typically off the market for about 3-4 years after a foreclosure.
