Foreclosure/foreclosure

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Question
Hi, Im renting a home on a month to month. The property was sold at auction and the new owners want us out.  I am 6 months pregnant and the new owner told me that that is a "problem" for him and he will keep raising the rent until we move out.  I am also not getting my deposit back.  Who owes me my deposit? How much can he raise the rent? How long do I have to move out? Please help me.

Answer
On a month to month lease you have a locked rent until the end of the month.  The land lord has to give you a one month notice.  They also have the right to raise the rent the next month.  The security deposit was held by the original owner and was transferred to the new owner at closing.  The new owner holds the security deposit.

Search you local city for government help for renters.  Try searching, "renters rights and assistance (the name of the city).  This may give you the help you need.  Look for links to the city web site.

I hope this helps, we will be praying for you.

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Dennis Herman

Expertise

I can answer questions on Real Estate such as question on writing an Offer to Purchase. What can go wrong after an offer is written? What is Buyer Agency and what will it do for me? What is a foreclosure? What is the difference between a foreclosure, a bank owned property and a short sale? What is the best way to locate a property? What steps can be taken to avoid foreclosure? How do Real Estate Agents get paid? How can I quickly build equity in a home? How do I view homes? What types of homes will have the best prices? How do I choose an agent? What types of financing are available?

Experience

Residential and commercial real estate. New home purchases. Buyer Agency. First time home buyers. Foreclosures, bank owned properties, estate sales and short sales.

Organizations
Greater Milwaukee Realtors Association Wisconsin Realtors Association National Association of Realtors

Publications
http://activerain.com/bloghome

Education/Credentials
State of Wisconsin Licensed Real Estate Sales Agent Accredited Buyer Agency Training Relocation Training Certified Senior Citizen Representative Wisconsin Real Estate Continuing Education

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