My landlord is in foreclosure - he has surrendered the property. If I stop paying rent, how long can I stay...

Question

in my home? I doubt I'll get my deposits back anyway, as he has been lying to me about the foreclosure, and I can't afford to move right now. So, how long would it take him to evict me if I just don't pay?

Thank you!

Answer 1

You need to keep paying your landlord. He can sue you for the amount you owe in back payments. You could always talk to your landlord and see if he will waive payments so that you can put those payments toward a deposit on a new apartment, etc. Otherwise when the bank takes the house - you're out and don't have any rights to the home. All rental agreements at that point are null and void.

Answer 2

Go talk to the bank - they will surely let you buy the house from them at a bargain price.

Answer 3

If he gave the property to the bank, HE can't evict you, the BANK has to evict you.  It also isn't an overnight process so don't think you will leave for work one day and come home to find the locks changed (unless you disregard prior notices left).

Your best bet is to contact the lender he gave the home back to and discuss the matter with them.

Oh and an eviction does NOT show up on your credit report unless they take you to small claims court for some reason.

Answer 4

There's no reason for you to stop paying rent. Someone is toting the note on that property, and they deserve to be paid.

It would be unethical to attempt to take advantage of someone when they're down.

Answer 5

It takes him 30 days, but then you have a lovely eviction on your credit report.

If he really surrendered the property you have about 72 hours.

Answer 6

I'd say ask a lawyer cause the laws may not be the same in every state.. GOOD LUCK