Homestead, FL · Member since 2016 · 19 posts · 0 votes
Question:
I'm renting a house in foreclosure. If the gavel falls against a homeowner at the next (and final it says in the court document) foreclosure proceeding, is that the day the homeowner no longer owns the house?
At which time i could stop paying rents to get my last months and security dep. back over the next 2 months. (i don't think he will give it back)
Will i even have 2 months ?
Would there be any advantage to put unpaid rents after that into a separate bank account such as a escrow or should i just keep them.
Question:
If the bank gets the house back after the foreclosure can i submit a offer to them first since im in the house...and would i get preference from the bank seeing as how i'm already in the house ?
You have no priority with the bank, they take the best offer. You can also be held liable for the rent should the bank choose to come after you for it. You can also be facing a eviction.
The "final hearing" will be the Final Judgment hearing.....the owner will lose there, and the auction will be set for 45-60 days or so later. If the bank gets it back, after a little while, they will likely offer you moving expenses...$1000-2000, and will not accept or ask for rent. Any other buyer would need to give you notice, and evict if you don't move. You won't be able to buy the house, and I'd stop paying rent now.
The same thing happened to me and my family. We stopped paying rent for about two months then moved out our old landlord was M.I.A during the whole process and was trying to convince us she was not going to lose the house. My suggestion is to consult an attorney and stop paying ASAP.