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Stephanie Kimble

Agent
Specialties:
Buyer's Agent,
Listing Agent,
Relocation,
Foreclosure

Advice

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the house im renting is going to be sold at auction next month i was told i don't have to pay rent

Answer

I would consult an attorney about that.  Under the Protecting Tenants at Foreclosure Act of 2009, you have rights to stay in the property as long as you have a lease and pay the monthly amount stated in the lease terms.  If you have a valid lease than the new owner has to abide by the lease terms until the lease is up.  So your landlord may change, but your lease is still valid. The only exception I see is that if someone buys the property that is going to occupy the home as an owner occupant then they have to give you a 90 day notice to move out and find a new place to live, but you still pay for the time it takes you to do that. 

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Showings

Response

Mary,Have you found an agent yet?  I am available to help you with all of your Indiana real estate needs.  Please feel free to contact me at anytime.

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