Until the property is actually sold it still is owned by the landlord. If you do not pay rent he/she can evict you. Is that what you want?
As a practical matter, cases in Broward County can still take a year--it will depend on whether the landlord will contest the case. The landlord may try to work a deal with the bank, or declare bankruptcy, or reinstate the loan to make it current, or make it take as much time as possible. The time frame has so many possibilities, it is like the hurricane map on the weather channel, where the cone is bigger the further away you are from the initial location. You could be there for years if the landlord seeks protection in a Chapter 13 bankruptcy.
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The Lease will govern the relationship between the landlord and tenant. Most lease agreements will outline what happens when the landlord is in breach. Generally, the Florida statutes provide rules when no lease exists. I recommend you talk with an attorney about your situation.
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Yes, you still have to pay rent, but you can also speak with the landlord about the foreclosure and your concerns . It can take a long time to foreclose, but you may be more comfortable looking to see what else is available.
This communication is not intended to create an attorney/client relationship. It is always recommended you consult an attorney in person to discuss your case. Leonore M. Greller, Esq. is a Supreme Court Certified Civil Circuit and Family Mediator and a Qualified Residential Mortgage Foreclosure Mediator and Arbitrator.
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