Foreclosure in Las Vegas>Question Details

Deb, Other/Just Looking in Las Vegas, NV

The home I rent is being sold at sheriff's auction on march 19/09 The lease was up 2 yrs ago and am on month

Asked by Deb, Las Vegas, NV Sun Feb 22, 2009

month basis. the home went into default in Aug 08 and I want to know if I should continue to pay rent

Help the community by answering this question:


You are legally reuired in Nevada to pay rent. I would certainly suggest that you seriously look for another place.
0 votes Thank Flag Link Sun Feb 22, 2009

I answered this same question for you when you asked before. I have posted my response below.
Hey Deb,

Are you obligated to obide by the lease? Yes. The lease is between you and the owner, regardless of the owner's financial situation. You should continue to pay rent as long as you are living in the home.

Is your home definitely going to foreclose? No, not necessarily. You probably have no idea whether or not the owner is working out some type of terms with their lender to keep the home. This is why communication is key. You need to talk with the owner so you are both on the same page with everything.

If the home will foreclose, should you be looking to move? Yes. You should be prepared to move into another home prior to the foreclosure sale date. This will save you a headache of possibly getting evicted. Once the home forecloses, the lease is terminated and the bank will consider you a trespasser. They will typically give you a few days to move out or you will potentially be locked out of your home with your belongings on the street.

Hope this info helps you. If I can help you or anyone you know with buying a home, please don't hesitate to contact me. Good luck!

Len McGuirk, Realtor
Prudential Americana Group
Direct: (702) 203-6688
0 votes Thank Flag Link Sun Feb 22, 2009
You should pay rent legally. Not sure about Nevada foreclosure process, but normally there is a confirmation period which would confirm the sale and put name in winning bidder. Then they eviction would strart by notice to tenant and then a eviction would start. Each state has there own specific laws that effect renters and the eviction process. It is best to discuss with local real estate agents or attorneys.
0 votes Thank Flag Link Sun Feb 22, 2009
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