There is a program available that will assist you financially to relocate to another property if the house is sold as a foreclosure. If the buyer of the property is obtaining the H2H down payment assistance there is a pre-contract agreement and some other forms that the seller is required to sign prior to the contract that confirms there is a tenant on the property. If you qualify, some relocation assistance can be obtained.

Have an attorney read over your lease to determine what your rights are in the event of a foreclosure. The property may be sold subject to your lease if there is an assignment clause. Also, make sure you are paying your rent to the correct party. Contact the Headstart to Home Ownership program and see what paperwork you need to fill out to be included in the relocation assistance or if you qualify.

Brenda Gravitt CRS, GRI
Coral Shores Realty
bkgravitt@gmail.com

Also you might want to make sure lease is recorded at the county.

John

happy 4th,

The bank can come in and do most anything, include sell the home. Your lease would normally protect you, but the foreclosure puts another owner in place. I have had lots of activity from those experiencing your issue.

Regards,
Blaine Rabe
904-874-0814

Yes they do in most cases, as they would be the owners.
You have right to quite enjoyment, but with notice they may come to do repairs, inspect or to show the home to others for sale, and other reasons.

Best you read over the lease to see what it says, this will tell you what the owners have to right to do or not do as long as it conforms to Florida Law.

Questions, see a Real Estate Attorney as they can help you out.

John