If your landlord is in foreclosure and you rent a house or apartment from your landlord, you are still protected by the lease you have on the property. A foreclosure proceeding against your landlord does not create an action against you personally. If the house is foreclosed, the new owner has to recognize your lease agreement that you had with the previous owner. If you do not have a lease agreement and you are a tenant at will, then you're technically not in any different situation as a tenant at will to be evicted at any time. Many people who purchase properties at auction, are doing so for investment purposes and most likely will not even want you to leave.
I have responded to your inquiry according to the laws of Massachusetts, where my firm is located. Laws can vary significantly from state to state and cases tend to be rather fact-specific, so you are best served by consulting with a knowledgeable attorney in weighing your options.
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Joseph F. Botelho, Esq. BOTELHO LAW GROUP Attorneys At Law www.botelholawgroup.com 901 Eastern Ave. Unit 2 Fall River, MA 02723 Office: 888-269-0688 FAX: 877-475-8147
Answered on Feb 26th, 2014 at 2:07 PM