What To Do If Your Rental House Goes To Foreclosure?

Real Estate Agent with Realty ONE Group

What to do if your rental house goes into foreclosure? Well, basically, the renter needs to keep paying rent and the Landlord needs to keep up with any repairs until the trustee sale. After the Trustee Sale, the bank will contact you and let you know what will happen next. Most likely they will want you to move, but you are entitled to remain in the house until the end of your lease as long as you keep on paying your monthly rent. Renters can never be 100% sure that the house they are entering into a lease with will not go into foreclosure, but you can check the tax records prior to entering into the lease and see if they are late on payments or if they might be going into foreclosure. For More Information on Renters Rights go to AZ Landlord Tenant Act

Landlord Obligations

What to do if Your Rental Home Goes into Foresclosure? Call Me If you Need Help Finding A Rental Home Start Your Search Here And I Can Help You. Or Maybe It is time to buy since the interest rates are so low and prices are still great! I can help you find a home in Chandler or the East Valley.

Posted by

Betsie Melter, REALTOR, GRI, ABR

Realty ONE Group

3530 S. Val Vista Dr. #114 Gilbert, AZ 85297





Re-Blogged 1 time:

Re-Blogged By Re-Blogged At
  1. Chuck Carstensen 09/05/2012 06:33 AM
Real Estate Best Practices
Arizona Maricopa County Chandler
renters rights
tenants rights
chandler rentals
arizona landlord tenant act
eviction foreclosure
trustee sale on rental

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Chuck Carstensen
RE/MAX Results - Elk River, MN
Minnesota Real Estate Expert

Thanks for sharing.  I think a lot of renters think they have to move but as long as they have a lease it works the same in MN.

Sep 05, 2012 04:11 AM #1
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