Expert, localized Los Angeles answers provided by Heather Roy

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Unexpected Short Sale

  i am a tenant, I have lived in this house for three weeks. the owner says he has to do a short sale. is it legal to put a tenant in you home if you are already in default?
 
  First of all, if you have a lease it will be binding on the next owner of the property just as it is with your present landlord.  If not -- you were always in danger of being given a month's notice to leave, anyhow.

Should the landlord have warned you about his financial problems?  Yes, probably.  But what are you going to do about it? -- sue someone who's in financial trouble anyhow?  Not worth the trouble.
    Edith
Originally published on March 27, 2008
 
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