What you should know if your landlord is foreclosed upon:
- Foreclosure does not change the terms of your lease
- You must keep paying rent
- Your landlord must keep the property repaired
- Utilities must be paid
- Moving out of the property early could violate your lease
- Legal notice to end your lease must be given
- Landlords have six months after the sheriff's foreclosure sale to pay off the mortgage
- After six months there will be a new owner
- The new owner may ask you to leave. They must give you a written notice to do so.
