Hud Foreclosed Property
March 28th, 2010
Hud Foreclosed Property
Question: i'm in Dallas Tx and my landlord's property that i'm renting is going to be foreclosed on 12-1 what happens?
The landlord told me the bank was working with him now after being confronted by me he says he's not trying to save the property anymore. I was told HUD helps people in this situation is that true? Who can i call?
Answer: The new foreclosure law requires that the bank let you live out your lease or give you 90 days notice if you do not have one. You must continue to pay him the rent until the day the bank takes possession. After that you pay the rent to the bank.
Here is the new law: http://www.tenantstogether.org/downloads/S.896RenterProtections.pdf
Colorado Springs Real Estate HUD Foreclosure 6696 Flintridge Dr 80918
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Posted in Foreclosed Homes | 
Tags: foreclosed, foreclosed property, home, homes, Houses, hud, hud property
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