Once again I am turning to ActiveRain for information - it seems whenever I run into a problem and don't know the answer, if I post it here I get the answer! What a wonderful place AR is!!!! From computers to health questions, our members share what they know!

Well, here I go again with something that I cannot answer:

I received a call from a client who intends to purchase the end of the year (simply needs to build up their credit a little longer) - they are renting right now and this afternoon when they answered the door, there was someone from the county clerk's office with papers for the owner of their condo - the owner lives in another city - they told this person that and he gave them a copy of the paperwork, saying they needed to know that the mortgage is 3 months behind and the place is being foreclosed on.

They supplied this person from the county office with the owner's phone numbers and then called me asking what they should do. Since I have never been in this position and I am NOT a lawyer, I hesitate to give any kind of advice.

But the biggest questions they had were:

should they continue paying rent?

can they be evicted before their lease is up if the place is being foreclosed on?

My comment was that I think it can take up to 6 months for all the paperwork to go through, but I really don't know.

Anybody out there have comments, opinions, non-binding advice???? I would love to hear it!!!

Buying or Selling - - Call Barbara-Jo for all of your real estate needs! - - 727-512-0910

crystal beach florida
Ich Spreche Deutsch!!!  

Barbara-Jo Roberts Berberi, MA

Charles Rutenberg Realty

Serving the Greater Palm Harbor Florida Area, including Crystal Beach, Dunedin & Tarpon Springs Florida

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If you are thinking of purchasing in the Palm Harbor, Crystal Beach, Safety Harbor, Dunedin, Tarpon Springs area or along our pristine Gulf Beaches, give me a call! With years of experience in the local real estate market, I am here to assist you in making one of the most important purchases of your life! Give me a call today! Find out for yourself why living along the Gulf Coast is indeed living in Paradise!

 
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7 Comments on Foreclosures And Renting - Questions

MAR
26
2008
597,357 Points 39 Featured Posts Outside Blog

Barbara-Jo & Bill,

These are all good questions you pose...but be careful...these are questions that only a lawyer should be involved with...Thanks,   Fran

P.S. If they can't afford a lawyer, the legal aid society will supply one!!!
1:52pm • #1
1,345,414 Points 71 Featured Posts Outside Blog Attended Rain Camp Called Shot Master
Fran - thanks! I will recommend that to them! This is such a mess for renters too!
2:30pm • #2
488,043 Points 6 Featured Posts Outside Blog

Barbara-Jo:

Wow! This is a pickle your clients are in. I am with Fran. You will probably be able to find some help and advice on the internet as well. Each state has different eviction standards. Here in Texas it is quite easy to evict. Likewise in Vegas, you could get rid of someone in just a week or so. Arizona was more difficult and a longer process.

5:20pm • #3
MAR
28
2008

hi you guys, this is Terry Sanchez with Pinellas Financial.(I contacted you be email). Anyway, in regards to these questions, I had a gentleman comment on my blog today, who is an attorney, and had advice for this type of thing. He could probably help. His name is P.Timothy McDonald.

 Hope that is useful info!

8:25am • #4
MAR
29
2008
1,345,414 Points 71 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

Alan - I am indeed turning him in that direction. thanks!

Terry - thanks, I will pass the info along!
12:51pm • #5
MAR
31
2008
488,043 Points 6 Featured Posts Outside Blog

Barbara-Jo:

Juar checkin to see what other advice you had received on this. How are things going with your clients?

Have a great week.

3:27pm • #6
MAY
25
2008
114,928 Points 1 Featured Post Hit Router

We had a similar instance here recently. The attorney advised the clients that in our state one will be given up to 120 days to vacate the premises AFTER the foreclosure.   As far as payment, he laughed and said do you really think the owner has the money to start an eviction, but legally yes the tenants are obligated to pay their rent and should because in our state the foreclosure often goes over a year.

 

 
8:51pm • #7

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Barbara-Jo's Beach Blog - Palm Harbor Florida Real Estate

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Charles Rutenberg Realty

Address: PO Box 302, Crystal Beach, FL, 34681-0302

Office Phone: (727) 512-0910

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Having grown up in south Tampa and lived here in Pinellas County for the last 20+ years, I know the area well! Give me a call today at 727-512-0910 or send an e-mail to barbarajo@barbarajo.com. Be sure to visit my web site: www.barbarajo.com Ich spreche Deutsch!

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