Our house that we are renting in is undergoing foreclosure, what can we do to not loose our house?
The obligation to pay rent is not relieved by the pending foreclosure. That being said, you should check with a local attorney to find out tenant...
Chicago, IL
Foreclosure Lawyer at Chicago, IL
Practice Areas: Foreclosure, Consumer Protection, Bankruptcy & Debt
The obligation to pay rent is not relieved by the pending foreclosure. That being said, you should check with a local attorney to find out tenant...
The terms and conditions of the sale which should be made available to you will undoubtedly spell out that the bid price takes the property free...
Speaking in a practical sense - I would seriously doubt that you will hear about the rent. Too much trouble and they're probably relieved that they...
You need to distinguish between liability on the mortgage and note versus owner of record. A party that is not a signatory to the note won't be...
You have the right to remain in the house until there is a transfer of title and you are served with a court order mandating that you leave. There...
You need to check with the recorder of deeds in the county where the condo is located and you will find out the current owner of record.
The further action is probably the bank getting a special process server who will then attempt to serve you again. Also, showing up in court to...
In order to answer your question fully - it would be necessary to see the docs to determine what effect the signatures your referring to had in the...
The HOA dues are not 'wiped out' in the foreclosure and you remain liable. However, subject to your HOA rules, the next owner may be liable for up...
There is no need to pay rent as you are still owner of title until the expiration of the 90 day period and the court has not ordered otherwise.