6 months after moving in our landlord told us he was short selling the home or if it didn't sell then he was going to allow it to foreclose. He told us not to worry about paying anymore rent since he was no longer paying the mortgage and we could live here rent free until it sold or foreclosed, he wasn't going to hold us to our lease and gave back the refundable part of our deposit. So I guess we dissolved our lease verbally. We were informed by the forclosure attorneys that in the event of a foreclosure we would have 30 days to vacate AFTER foreclosure sale by law. We actually want to move as we recently have had a change in our income and can't afford the utilities on this house,let alone rent. We were under the impression we would be notified of a pending contract (as we asked to be notified by the listing agent and the landlord) when we had to get out. We attempted several times to get info on when we had to be out but he was unsure what was going on as it was a bank short sale. Several people said the new owner would actually have to go through an eviction process which may buy us time to find a place, however I am concerned that may not be the case.
Edited by Customer (name blocked for privacy) on December 19 2007 at 7:23 PM