Well, that'll teach you...
No kidding, it's just a sign of the times.
Now this time don't panic, you are protected and you should not worry that you will be out of the house with not sufficient notice.
If you have a valid lease, then this lease will need to be honored by either the new buyer or the bank. Youm ight even get moving money.
The papers that you have been served with are just a formality, giving notice to the owner and to the person living in the home. The owner has 20 days to respond. He might respond, stating that he is working an a loan modification or stating that he is working on a short sale or any other solution. The judge will then give him extra time to work out his difficulties.
What you should do is contact your landlord and ask him what his plans are eventually suggest that he takes some professional advice and meanwhile you should continue to pay rent.
It is sad, but you are safe for the term of your lease.
Hopefully, the landlord will be able to work something out, now that he has a tenant.
You can contact me any time should you have any more questions.
Good luck! - Mon Oct 12 2009, 06:49
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