IF an Owner-Occupant purchases the home, they must give you 90 Day Notice to Vacate. Your Lease will be then be void.
IF an Investor purchases the property, they must honor the remaining time on your Lease.
ALSO: You do not have to let people knocking on your door in... so if someone tells you they want to bid at the Trustee Sale and offer "the world" to let them in, you do NOT have to do so. Your Lease is in effect through the Trustee Sale... so be aware you do have rights under AZ Landlord-Tenant Rights.
You should have received Notice of the DATE of the Trustee Sale. If you did not, feel free to call me with your address, and I'd be happy to look it up for you. It's a lot of unexpected stress to have your Leased home go up for Trustee Sale, something I'm sure you are not excited about.
Susie Thompson, Associate Broker
Russ Lyon Sotheby's International Realty
If the home does sale at the trustee sale the new ownerr will contact you. They may ask you to vacate the property within a certain time frame. If you do not vacate the property in the time they allow youthey can start the eviction process.
Best of luck to you,
Kawain Payne, Realtor
In 2009, the Obama administration signed a new law requiring the new owner of a foreclosed property to give the tenants a 90 notice if the buyer intends to occupy the property as a primary residence or honor the lease agreement if they are an investor. Please find some information on the law below:
It's currently cheaper to buy than it is to rent so if you can qualify for a mortgage, then possibly now would be a good time to find out if you can qualify for a mortgage. We have a lenders that can provide loans with as little as 1% down. Please give me a call to discuss in further details.
Sean Heideman, Broker
You should also contact an attorney prior to doing anything like not continuing to make your rent payments. Many tenants have gotten into legal trouble by taking this route without good legal counsel.
I wish you well and hope all is good soon.
Depending on your lease etc you may or may not have rights to stay. I would contact the property manager for the property you are living in and or reach out to an attorney.