This is always an unfortunate situation for everyone. You have a contract with the owners because they are still owners. Looks like the house will be sold in the months to come so I would look for a new place. The bank or whoever takes over will no doubt be giving you a notice to vacate. Bornstein and Bornstein Law Offices are specialists in landlord and tenant rights in the Bay Area 415-409-7611... more
Wow, I can't believe no one has answered, if you need to know what the status of the home is, it is public record, you can go to redwood city and find out whether the home is in preforclosure or not.... more
Consult with an attorney who specializes in real estate and see what options you may have--a quitclaim deed at this point may not protect you at all from a foreclosure--as for the credit portion--if you are not on the mortgage note it has no effect on your credit. Do all that you can to stop the auction if you want to keep the property.... more
You have lost your interests in the home. You might want to check with a real estate attorney just to make sure the lender cannot come after you later. If you need a referral to a good attorney, please let me know.