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Foreclosure - Renters Baltimore Maryland

Posted by Legal Information in May 15th 2008  

What happens to renters when the landlord’s property is foreclosed on? Do they have any legal recourse to stay on the property if their lease has not expired?

under: Other Legal Topics, Bankruptcy & Debt, Real Estate Law, Tenant Law, Landlord Laws, Real Estate, Foreclosure

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3 Answer

mygif
Tony Orlando Said,
May 15th, 2008 @1:44 pm  

I discovered your homepage by coincidence.
Very interesting posts and well written.
I will put your site on my blogroll.
:-)

mygif
kaseyk12@aol.com Said,
May 15th, 2008 @1:53 pm  

Unfortunately, renters have virtually no recourse. Once the foreclosure becomes offical, the renter’s lease is then null and void. The renters have no right to continue to reside in the domicile. In fact, once the foreclosure becomes official, the landlord has no right to collect rent. Most of the foreclosures are taken over by banks, who do not want to become landlords. this is a big problem in Baltimrore and all accross the country.

mygif
Legal Administrator Said,
May 15th, 2008 @2:05 pm  

Thank you for your comment Tony. Please feel free and come back and answer any questions on foreclosures and promote your site.

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