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In the U.S., a federal act - the Protecting Tenants at Foreclosure Act - requires banks on federally related mortgages to give a 90 day notice to quit. You can assume that the mortgage is federally related. After that, in most states, they have to go to court and prosecute an eviction.
What else can I help you with?
Who do renters make a lease agreement with?
Renters make a lease agreement with a landlord.
Should a tenant pay rent to a landlord who has lost his renters privilege?
If he lost his renters privilege, he is no longer a landlord
Should the tenant pay the bank or landlord on foreclosed property?
The Landlord
Can landlord rent a foreclosed property?
If it is foreclosed then he does not own it. You cannot rent a property that you do not own.
CAN THE LANDLORD BE RESPOSIBLE FOR ACTONS OF THE RENTERS?
No
Does landlord insurance provide protection for a renter?
No, landlord insurance does not provide protection to the renter. Landlord insurance simply covers the landlord if an issue that is of their fault arises. All other issues are at the renter's responsibility. All renters should acquire renters insurance.
When the bank takes over a foreclosed home how long can the tenants or renters live there?
From what I understand they have to move immediately .
Does your landlord have to repay the insurance company fo your renters insurance settlement?
no
As a landlord can you retract a renters agreement within 48hrs?
No. Signed is signed.
Can a landlord rent a house with a locked room that renters cannot enter?
Yes.
What kind of contract outlines the obligation of a landlord in his or her renters?
Is called a lease.
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.
