Re: renters rights and foreclosure
Posted by Joe Kaiser on July 06, 2003 at 20:52:28:
In Reply to: renters rights and foreclosure posted by Tracy Wiley on July 05, 2003 at 14:55:13:
She's walked away . . .
I would want to know what stage of foreclosure, if any, she's in. Depending on where you live, you can do that by a title search or in many counties, an online search.
In Washington State, a sale takes a minimum of 190 days, plus the renter has 20 days after the sale to move before anyone can take action from there. In other words, it's not a short process.
Lenders will sometimes prefer to have a tenant in the property as opposed to a vacant one. So, if may make sense to be accessible to the lender or any lender rep who happens by. I'd let them know that I'd be happy to take care of the place while they sort out their little problem.
Finally, there may be a way to buy the place.
But primarily, do some homework now to learn what the real story is and what's taking place.
Joe
