Foreclosures Help Information

Foreclosed Properties In Georgia

Question: Do I still pay rent on a bank owned property?

I live in Georgia and the apartment complex I live in has foreclosed and is presently owned by the bank. Am I still required to pay rent?

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Answer: Yes, the same as before. The government requires the bank to have a property manager and continue renting until the complex is sold.

There is no force to leave in 90 days, that pertains to houses, not apartments. Your lease is in effect and this process should be transparent to you.

Tip of the Week - Bank-Owned Properties

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