Absolutely....the home is the possession of the present owner until he bank legally assumes ownership through foreclosure.
Knowing the direction this home is heading, it would be wise to find out what the anticipated timeline on their short sale would be...this is something most often easier said than done however. In these situations it's often a race to the finish between a foreclosure and a short sale. Either way your stay could be shortened by either process. With this said, knowing the conditions this scenario presents could offer you some negotiation power to achieve a good monthly rental break.
Oh, did I mention that as a renter in this situation you can probably plan on regular interuptions by potential buyers wishing to view the property...this again, another negotiations chip.
Either process could take weeks, months or even years....depending on where they are in the process and their level of representation. Be sure you have a clear appreciation of where the owner stands in this process.
A "Housing Start" is a home on which construction has started and, for the 4th straight month, national single-family housing starts held steady last month. When the demand for homes grows faster than
Mortgage markets improved last week as foreign buyers of mortgage debt helped to push mortgage rates to a 4-week low. It marked the 3rd consecutive week that rates improved, breathing extra life into this