Asked by Confused, 48084 • Mon Sep 8, 2008
I was supposed to be helping a friends friend keep their home by moving in and paying rent so they could keep the home. Apparently they were just pocketing the money. I moved in mid-Dec and the home went up for sale on July 8th due to default. From my research it's currently listed online for sale as an REO. So now, the lender owns it and not my landlords. I understand there's a 6 months redemption period and I have until the end of that time to move out unless otherwise indicated by an eviction notice, but can my "landlords" collect/demand rent legally when the home isn't even theirs? Should I contact the lender and offer them the rent to stay longer? Should I wait and talk to the lenders real estate agent when the process get's to that point? I'm not in a position to move yet and would like to stay in the home as long as possible without getting taken for my money.
Real Estate in Troy
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