 |
Foreclosure |
| |
 |
I'm going to lease a home from a realtor/owner. What if the mortgage payments are not made and the property goes into foreclosure? Is my lease still predominant or could the bank evict me even though the rent is paid? How do I assure the mortgage payments are made? |
| |
| |
 |
Your lease would survive a regular sale of the property, but not a foreclosure auction. You could be given notice to move after a foreclosure. As for ensuring that mortgage payments are made -- I suppose you could do the opposite of what most landlords do, and ask in advance for a satisfactory credit report on the property owner. |
| |
|
Edith
Originally published on May 29, 2008 |
| |
| |
|
Back to Summary
|
< Previous | Next > |
| |
|
|
