Re: Forclosure on the house I am renting.

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Posted by tony on February 13, 2003 at 22:55:55:

In Reply to: Forclosure on the house I am renting. posted by Joe on February 13, 2003 at 19:42:06:

It appears from what I read that your landlord has a sale date for this month. If that occurs he has a right to, redeem the house (30 days). If he does that, meaning he catches up all the back payments, he can keep the house. If he doesn't, he looses it. You have no rights as a tenant, kinda sucks, but its reality.

Yes you can buy it from him, and I would explore any option that he may have in order to do so. You may not need any money to do this since he said he has equity in the property to help cover the downpayment and closing costs.

I hope this helps you, feel free to contact me directly with any questions.

Tony
ABS & Associates
www.stopforeclosureinfo.com

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Comments:
: It appears from what I read that your landlord has a sale date for this month. If that occurs he has a right to, redeem the house (30 days). If he does that, meaning he catches up all the back payments, he can keep the house. If he doesn't, he looses it. You have no rights as a tenant, kinda sucks, but its reality.

: Yes you can buy it from him, and I would explore any option that he may have in order to do so. You may not need any money to do this since he said he has equity in the property to help cover the downpayment and closing costs.

: I hope this helps you, feel free to contact me directly with any questions.

: Tony
: ABS & Associates
: www.stopforeclosureinfo.com


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