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Ramiro Alvarez
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Ramiro Alvarez answered:
Hello Pete,
If the home was foreclosed by the current note holder, lender, then that is who you must deal with.
There are different things to take into account. What kind of rental contract do you have, for example. If you have been in the property for more then a year by law you must receive a minimum of 2 months to move. Bank in some occasions supply financial help to help you relocate but they are not forced to do so,they do it to avoid evictions. You can ask the bank for this and hope they are willing to help you. You should also request back your security deposit from your Landlord mice by getting foreclosed he is breaching his contract to provide you with a place to stay.
If you like the home you should contact a licensed lender to help you view your options. It is a great time to buy and in some cases you end up paying less then what you rent for. Good luck
If the home was foreclosed by the current note holder, lender, then that is who you must deal with.
There are different things to take into account. What kind of rental contract do you have, for example. If you have been in the property for more then a year by law you must receive a minimum of 2 months to move. Bank in some occasions supply financial help to help you relocate but they are not forced to do so,they do it to avoid evictions. You can ask the bank for this and hope they are willing to help you. You should also request back your security deposit from your Landlord mice by getting foreclosed he is breaching his contract to provide you with a place to stay.
If you like the home you should contact a licensed lender to help you view your options. It is a great time to buy and in some cases you end up paying less then what you rent for. Good luck
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