|
Had this happen to me a few years ago. I'll preface by saying laws vary by state and can only share how things shook out in VA. Anyway, the bank wanted me out of the house NOW and threw an eviction notice on my front door. At that point, I was going month to month with the property management company since they were aware of the foreclosure as well and didn't want to write a contract that would be a problem child.
I consulted with an attorney on the matter. The original lease included an automatic renewal clause that turned out to be key, even though it wasn't being enforced by the prop mgmt company; they were out of the picture by now anyway. My attorney gave me guidance that I should tell the foreclosing bank that I wanted to finish out my lease; that if they wanted me out now, I'd make it expensive for them. Not only with legal costs but apparently, tenants in VA can demand a cash payment to 'make them whole' for the inconvenience. The bank backed off.
__________________
97 Carrera Coupe - Red
89 Carrera Coupe - Baltic Blue - Sold
|