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  1. #1
    Join Date
    Jan 2008
    Posts
    1,948

    Question When Rental Property Forecloses

    I am thinking about renting a privately owned house or condo in CA. I am worried what would happen if the owners go into foreclosure. From reading here I understand that I would be able to stay in the rental until from the time the owners lose their title to the bank until the bank sells it to a new owner.

    If there is a maintenance problem in between owners, would the bank be responsible for the cost of repairs?
    After the property is sold, how many days notice would I have to move out - is there a legal minimum required such a 30 days?

    Thanx for any advice

  2. #2
    panther10758 Guest

    Default Re: When Rental Property Forecloses

    If lease exits the new owners are bound to lease. If no lease they (new owners) must give you 60 days notice to vacate. This site will provide most if not all your answers.

  3. #3
    Join Date
    Jan 2008
    Posts
    1,948

    Smile Re: When Rental Property Forecloses

    Excellent site - thanx Panther

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