Monday, August 8, 2011

Today the sheriff along with an appraiser came to appraise my house..(I rent I dont own) and she told me..?

In foreclosure doesn't mean a done deal yet. Your landlord is still the owner but if he isn't paying the mortgage he won't be much longer. The buyer will have to order you to move and go to court to evict you if you dawdle. Normally, the process is civil, the buyer might offer you "fees for keys" to go or might be willing to continue the present rental arrangement because nothing is selling and it is better to have a tenant than an empty house. Just to be safe, you might start looking for somewhere else before it becomes a big issue.

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