What rights do I have when the house I rent is tobforecloseded on even though I paid my rent?

Question

my landlord has not paid the mortgage in over 7 months and the house i rent is to be forclosed upon even though i paid my rent..i cant afford to move and my lease expired over a year ago and i have lived there over 3 years

Answer 1

Unfortunately, you are out of luck.  Hopefully, you can sue the former owner, but the bank owns it now.  

Answer 2

Your best bet is to try to negotiate with the bank that owns it. Because they are not in the real estate business,sometimes they will work out a deal and let you stay. With the reality that something is better than nothing. Talk to them and explain your situation. Show them the longevity of your stay,and this will act as your credit. SOMETIMES this works. They may even offer to sell it to you! I have seen this happen also.

Answer 3

None.

Answer 4

few to no rights. . . .length of tenancy is irrelevant as is your prompt payment of rent to LL;  you can try talking with lender and seeing if they will lease property to you--many won't lease out foreclosed properties--otherwise you wait for your notice to vacate and start looking NOW. . . .whether you can afford to move or not, you will likely have to

foreclosure voids your lease

you do have a lease, a month to month lease, meaning you have to give 30 days advance notice of leaving, as does landlord

Answer 5

As the above posters noted, you have no legal rights in a foreclosure other than those few afforded to tenants about to be evicted.  The only way to salvage anything from your situation is to simply stop paying rent.  This tactic means that the lender will not talk to you about renting the property but the chances of renting are very slim--most banks do not want any renters they only want vacant properties.  Your security deposit disappears with the foreclosure so don't expect the former owner to send you any money.  You can try suing him but I don't know how well that would work.  I don't even know if a judge would hold the former owner responsible for the deposit.  Good luck!!