how much will the bank or buyer have to pay me to leave the rental?

Pete
Other/Just Looking
Chowchilla, CA

can i buy it cheaper, what are my rights

Answers (3)
Bill Eckler-Flo...
Agent
Venice, FL

Pete,

You might want to review your lease agreement and/or consult an attorney to identify your rights. If you have no lease agreement or are renting month-to-month, why would you be entitled to anything?

Good luck

Wed Apr 1 2009, 13:55
Ramiro Alvarez
Property Manager
Madera, CA

Hello Pete,
If the home was foreclosed by the current note holder, lender, then that is who you must deal with.
There are different things to take into account. What kind of rental contract do you have, for example. If you have been in the property for more then a year by law you must receive a minimum of 2 months to move. Bank in some occasions supply financial help to help you relocate but they are not forced to do so,they do it to avoid evictions. You can ask the bank for this and hope they are willing to help you. You should also request back your security deposit from your Landlord mice by getting foreclosed he is breaching his contract to provide you with a place to stay.

If you like the home you should contact a licensed lender to help you view your options. It is a great time to buy and in some cases you end up paying less then what you rent for. Good luck

Wed Apr 1 2009, 12:51
Lynn911.com Dal...
Agent
Dallas, TX
FIRST ANSWER

If the bank has foreclosed on a property you are leasing, you need to be qualified for a loan and have a buyers agent who will represent you.

Banks upon foreclosures will notify the tenant certain short time period to vacate property in many instances provide an cash incentive, much easier to pay a person than go thru an eviction process.

Undetermined amount bank will offer. Bank will have you vacate property prior to being sold to another buyer.

Web Reference: http://www.lynn911.com
Sat Dec 13 2008, 09:26

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