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when renting a house that has gone into foreclosure do the occupantsget reimbursed?

Mon Nov 19 2007, 17:03 - 50320 - Foreclosure - 3 answers
 
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Devona Eub...
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in Iowa
Devona Eub..., Just Looking in Iowa in Iowa
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Michael Doyle was FIRST TO ANSWER Michael Doyle received BEST ANSWER
Devona,
That is a good question and one you should ask your city/county housing authority on what your rights as a renter are.

Tue May 6 2008, 20:13
 
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Devnoa
On what grounds would they be reimbursed?
I fail to understand the grounds for your question.
I think the short answer is that they would be paying to live somewhere...

Mon Nov 19 2007, 19:02
Web Reference: http://www.glencrestteam.com
 
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BEST ANSWER
Great question, I have heard of renters being evicted from their home when the bank forecloses. They have to seek recourse from the landlord, the bank isn't responsible. If you think the home is going into or is in foreclosure start a dialog with the landlord and come up with a plan.

Mon Nov 19 2007, 18:11
Web Reference: http://michaeldoyle.edinarealty.com
 
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