[A930Rocket]

We are renting a house that might be going be into foreclosure, but it's not confirmed. Several times, Bank of America, has sent FedEx envelopes and front door knob knockers I call them, saying to call BOA. Our contract with the owner has expired and we've been renting month to month, while we figure out our plans. Right now it looks like I'm going to build another house, so we'll need to be in here for another 6-9 months.

My understanding is that banks will work with the renter if the house is foreclosed on. I wouldn't buy it unless we could buy it for what the owner owes on it. It needs new flooring, cabinets, kitchen counter tops and paint right off the bat.

In order to be protected some what from BOA, should we write another contract for 6 months? I'd hate to have to find another house, move, just to move again when the new house is ready.

Thoughts?