You are here:

Foreclosure/rental home being foreclosured

Advertisement


Question
Hi, the house my husband and I rent is about to be foreclosed. I talked to my landlord, she says there's not two much she can do the house is in her husbands name. we tried to quick deed the house she said just let it go into foreclosure. Someone came by the other day to take pictures of the house, We have no idea what to do.Need to know what rights if any. When she told me her husband had not paid the rent and was sending the mother to his mother  I was floored. Help, Help, Help.

Answer
Sorry to hear your situation.  There is not much you can do as a tenant.  If the property was sold you would probably have tenants rights, which means your lease is sold with the building.  This is true in the State of Wisconsin.  Your state may be different.  

But in a foreclosure, the tenants have been moved out.  You should receive some type of notice.  There was talk about a new law that would allow tenants current on rent payments to stay in the property.  I am not sure if this was attached to any of the new bills we have seen passed in the past 2 months.

I would try an Internet search to locate a local tenants rights organization.  A phone call to them may get the answers you are looking for.

Search

tenants rights organization (your city name)

Lots of luck.  Let me know what you find out.  

Foreclosure

All Answers


Answers by Expert:


Ask Experts

Volunteer


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

©2012 About.com, a part of The New York Times Company. All rights reserved.