My question involves a mortgage in the state of: SC
The house that I am renting is in foreclose proceeding. We have not received anything official from the bank that holds the mortgage.
However a lady came to our door last week with papers, thinking we were the owners. She had forclosure papers but did not leave
anything with us.
My question is does the bank have to officially notify us about what is going on and tell us our options or can they just drop a 30 day notice on us?
We were told via the property manager that the house is in foreclosure. We are aware of the "Protecting Tenants At Foreclosure Act" that
is in effect until Dec. 2012.
Basically we want to know if the bank has to officially notify us for the 90 day period to kick in or can they drop a 30 day notice to vacate
after 60 days?
Obviously, (and I am be honest here), we are wondering how much we can save by prolonging this as we will not be paying rent any longer.