The information in this answer provided by Attorney Ranj Mohip is general information and is not intended as legal advice, nor does the attorney intend to create an attorney-client relationship with any reader by answering this question or otherwise contributing as a member of Trulia.com.
If the owner is able to bring the mortgage payments current the lender is required to dismiss the lis pendens filings which will remove the foreclosure status. There is some delay in this process but it is normally completed an updated to online sources in approximately 45 days.
You cannot trust your landlord to be honest about this matter. It is best to continue to monitor public records or sign up with a service that monitors foreclosure activity for renters. You can learn more about this service here, http://foreclosurecourt.org/find-out-if-your-home-is-in-fore
You don't unless the Landlord wishes you to know that information. That is between them and the lender. Pre-foreclosures can be cured through a number of methods and I'd venture to say that in our area at least most of the homes listed on the prominent (pay for service) websites never do go to foreclosure.
Have a candid conversation with your Landlord and let them know that you have concerns. You can find out your rights as a tenant through your local attorney general's office.
You want to stop paying them?
Do you want to buy the house?
Pre-foreclosure can mean a few things.
As long as a bank or lawyer hasn't contacted you pay your rent. If you don't you'll get evicted and your landlord will rerent the unit.
Americorp Real Estate
Brokers Associate, e-PRO
Hope that helps.
The only accurate way to determine how much someone is behind on loan payments is to contact the owner's lenders. However, they won't speak to you unless you've received authorization from the borrower. There are forms--usually called "Authorization to Release"--that a borrower can fill out authorizing someone else (such as you) to contact the lender, and authorizing the lender to respond to your questions. If you could get the owner to sign an "Authorization to Release," you then could contact the lender and find out.
There's a previous suggestion here to go to the courthouse and pull the file. I don't know if that'll give you the information you're looking for. Even if it did, it would only be accurate as of the date the documents were filed. In a pre-foreclosure, the amount escalates with every missed payment.
How long will it remain on the computer (as a pre-foreclosure) even if the loan is brought current? That all depends on how fast the paperwork travels from the bank's attorneys to the bank, then back to the attorneys, then to the courthouse, and how fast the courthouse employees update the information. I don't know the answer, but I'd guess probably 1-3 weeks.
I'm guessing that the owner is telling you that they've brought the loan current, or that they plan to, and so not to worry about what you're seeing online. (How am I doing?) If that's the case, then maybe an "Authorization to Release" would work. You'd say to the owner: "You say that the loan has been brought up to date. That's great. But just for my own peace of mind, I'd really like you to sign this piece of paper. It'll just let me call up your lender and confirm that the loan is current. Or, if you have a statement from the bank saying the loan is current, that'd be acceptable, too. Which would work best for you?"
For privacy reasons, the owner might prefer not to sign an "Authorization to Release," so a statement from the bank saying the loan is current would serve your needs while being less intrusive. Notice that your request is posed as: Either an authorization to release OR a bank statement. Either way, you're asking for absolute proof. If the owner balks (which I suspect he will), that might be interpreted as a sign that the loan in fact isn't current.
Hope that helps.