Re: foreclosure
Posted by Sharon on August 31, 2005 at 07:27:50:
In Reply to: foreclosure posted by michael on August 31, 2005 at 05:52:15:
: I currently live in Phoenix AZ, in what I thought would be a stable rental property. The owner who lived in the house before me move out of state we agreed on a month tomonth rental agreement. However quite by mistake I foundout he has not made a payment on the property since May 1. My family and I have lived here since April 1. The bank sent a letter to the house stating: they intend to foreclose on the property on Sept. 1: if the payments are not caught up. The owner's : mother told me it is none of my business how they: spend the rental money. How long do I have before: the property goes on the auction block? Can I put in: a bid or work out some type of agreement with the new: owner? And do I have to continue to pay these stupid: people once the property is in foreclosure?
