https://www.rentalprotectionagency.com/tenant-rights/in-foreclosure-do-i-still-pay-rent-0 Sat, 16 Oct 2021 17:50:16 +0000 hourly 1 https://wordpress.org/?v=4.2.38 https://www.rentalprotectionagency.com/tenant-rights/in-foreclosure-do-i-still-pay-rent-0#comment-33410 Tue, 07 Aug 2012 03:52:33 +0000 http://www.rentalprotectionagency.com/blog/renter?p=2014#comment-33410 No. Save your money. Wait for the bank to approach you they may offer you Cash for keys. Up to $5,000.00

]]> https://www.rentalprotectionagency.com/tenant-rights/in-foreclosure-do-i-still-pay-rent-0#comment-18803 Fri, 05 Nov 2010 15:32:49 +0000 http://www.rentalprotectionagency.com/blog/renter?p=2014#comment-18803 Hi Jennifer,
My best advice would be to contact whoever the current mortgage lender for the property you are renting is. If the homeowner was foreclosed on, then there is a chance the bank could be the current owner. Under current National law, month to month tenants of foreclosed properties must be informed wtihin 90 days before they can be legally evicted. Whoever now owns the property could very well come to you and offer you “Cash for Keys” which means they will give you enough for your security deposit and one month’s rent for a new apartment if they really want you out. You do NOT have to agree to it if you do not want to. You should NOT pay ANY rent to your current landlord because he no longer owns the property. For more information, I would contact your local housing authority. I’m from Rhode Island so I am unfamiliar with the housing programs in your area.
I would definitely reccomend you either call or make an appointment immediately with your housing authority.
Katie

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