On 2/1/2016 we rented a property. On 3/14/2017 we received notice on gate that property is actually owned by "Fannie Mae", and that said landlord never had right to rent property. What are our options as we've just discovered we are technically squatters?? We're on a fixed income so moving quickly isn't an option for us. And our belongings are all on said property too. Are we going to lose our stuff and our home?
I will assume that the property is owned by FNMA, as you say, and that it was owned by FNMA at the time it was let to you. If the "landlord" still owned it at the time you moved in, you may have some special rights under Oregon law.
Otherwise, FNMA will have the right to evict you, although I would not exactly call you a squatter. FNMA may be willing to work with you on timing, particularly if it means avoiding eviction proceedings.
They really have no claim on your belongings, and I doubt that they want to make such a claim even if they could.
This comment is general in nature and is not intended as legal advice. It does not create an attorney client relationship and obviously is not confidential. You should contact an attorney in your area who can review with you all of the relevant facts and give you specific legal advice.
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