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If you are paying rent then you are tenat and subject to and protectd by tenanncy laws. The specific laws vary widely by region, but in general if you have currently paid your rent in full you can remain in resedence; unless the landlord has other cause to evict you.

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16y ago

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Can you buy a house for cash if your house is being foreclosed on?

Yes you can


What happens if your landlord's house is foreclosed?

As long as your landlord has control of the property he still has the right to collect rent: whether the house is foreclosed is between your Landlord and his mortgage lender. If the property is taken over by the mortgage lender they may ask you to leave. There may be some form of protection available for you, the Tenant, before you are forced to leave. Get legal assistance as soon as you learn about the foreclosure so that you can be prepared for what's next. You may or may not be required to leave soon.


How do you give a foreclosed house back to the bank?

When the bank foreclosed on the house, they took it back. Now it's time to move out.


Can you buy a house for cash if your present house is being foreclosed on?

I would think so. Though the bank should be using all means possible to get that cash from you to pay for your currently foreclosed house. Even if they don't, paying in full with cash for anything will always be accepted.


Can you rent a house you were foreclosed on?

No, I can't


How many house payments can one miss before being foreclosed?

If it is not specified in the contract then it is likely at the descretion of the lender.


If a house is being foreclosed on but a divorce happened who does it effect?

If both names are still on the loan, it effects both people.


What happens if you are a cosigner on a house that is being foreclosed on?

The foreclosure will affect your credit record. You are fully responsible for paying the loan.


Can a bank forclouse on a house with a irrevocable living trust?

The bank does not care who holds the mortgage. If the loan is not being paid, it can be foreclosed on.


How can you buy a house after it has been foreclosed and not sold at auction?

You can contact the lender or lien holder who foreclosed on the property and make your offer to them.


If you pay the taxes on a house that has been foreclosed does that mean you own it?

No the bank owns the house.


What does a landlord do when threatened to have a house condemned?

The landlord can correct the problems for which the house can be potentially condemned. But the landlord cannot evict the tenant just for saying that.