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What options do have when your landlord gets the home your renting in foreclosure

1 Answers. Asked on Apr 21st, 2017 on Real Estate - Pennsylvania
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Answered on Apr 24th, 2017 at 6:45 AM

Your lease is valid and permits you to remain there.  You must continue to pay the rent to the owner of the property until the propery is sold at sheriff sale, if that actually happens.  If that does happen, the new owner (perhaps the bank) will contact you about next steps. There won't be any midnight move out situations for you but if you're near the end of your lease term, you should plan to move so that you don't have to deal with the uncertainty.

I recommend that you seek out a local attorney for a more in depth discussion of the matter. I do not recommend that you take any action steps without such a consult. Act quickly because by waiting, you may lose certain rights and remedies available to you.

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Real Estate
Real estate attorneys can help individuals, families and small business with all property-related legal issues. Buyers and sellers of residential and commercial real estate should work with an attorney to negotiate the terms of agreement; draft and review the contract; review related paperwork (such as loan agreements); clear existing liens on a property; and attend the closing. Lawyers can also assist property owners with addressing zoning/rezoning issues and appealing property tax assessment. Landlords and tenants should work with real estate law firms to draft and review lease agreement, handle eviction proceedings and resolve landlord-tenant disputes.
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