| | | | | If you are renting, these times of continued real |
| If you are renting, these times of continued real | | | | estate foreclosures should be enough to goad you to |
| estate foreclosures should be enough to goad you to | | | | know your rights before you experience eviction due |
| know your rights before you experience eviction due | | | | to your landlord’s foreclosure. |
| to your landlord’s foreclosure. | | | | You do not have to wait for your landlord to tell you |
| You do not have to wait for your landlord to tell you | | | | the property you are renting has been foreclosed |
| the property you are renting has been foreclosed | | | | and you have to move out immediately. A lot of |
| and you have to move out immediately. A lot of | | | | distressed landlords do not notify their tenants |
| distressed landlords do not notify their tenants | | | | properly in case of foreclosure for fear of having |
| properly in case of foreclosure for fear of having | | | | their properties vacated before the actual foreclosure |
| their properties vacated before the actual foreclosure | | | | is implemented. |
| is implemented. | | | | Many of these troubled landlords also no longer have |
| Many of these troubled landlords also no longer have | | | | the money to pay back security deposits.There is |
| the money to pay back security deposits.There is | | | | one legal way for you to know in advance if your |
| one legal way for you to know in advance if your | | | | landlord is being foreclosed upon. You can request |
| landlord is being foreclosed upon. You can request | | | | your county to notify you in case the property you |
| your county to notify you in case the property you | | | | are renting gets foreclosed. |
| are renting gets foreclosed. | | | | While the procedure of requesting for notification |
| While the procedure of requesting for notification | | | | varies from state to state, the steps are generally |
| varies from state to state, the steps are generally | | | | the same. To get this notification, you are typically |
| the same. To get this notification, you are typically | | | | required to file a request with your county recorder. |
| required to file a request with your county recorder. | | | | You need information on the property such as name |
| You need information on the property such as name | | | | of trustor, name of beneficiary and document |
| of trustor, name of beneficiary and document | | | | number, which you can get from the recorded deed |
| number, which you can get from the recorded deed | | | | of trust. You can obtain a duplicate of the recorded |
| of trust. You can obtain a duplicate of the recorded | | | | deed of trust from a title company. |
| deed of trust from a title company. | | | | After having the form notarized and after paying the |
| After having the form notarized and after paying the | | | | filing fee, the county recorder then accepts your |
| filing fee, the county recorder then accepts your | | | | request and notifies you if the unit you are renting |
| request and notifies you if the unit you are renting | | | | gets a foreclosure filing. |
| gets a foreclosure filing. | | | | In California, real estate foreclosures take about |
| In California, real estate foreclosures take about | | | | three to four months to complete. With the |
| three to four months to complete. With the | | | | notification, you will have enough time to prepare and |
| notification, you will have enough time to prepare and | | | | will have reason to use your security deposit as your |
| will have reason to use your security deposit as your | | | | rent payment. |
| rent payment. | | | | Under the Helping Families Save Their Homes Act, |
| Under the Helping Families Save Their Homes Act, | | | | which took effect in 2009, you can stay in your unit |
| which took effect in 2009, you can stay in your unit | | | | for at least three months more if you pay your rent |
| for at least three months more if you pay your rent | | | | from month-to-month. |
| from month-to-month. | | | | If you have a long-term lease, you can choose to file |
| If you have a long-term lease, you can choose to file | | | | a complaint in a small claims court so you can recoup |
| a complaint in a small claims court so you can recoup | | | | your deposit and claim compensation that you can |
| your deposit and claim compensation that you can | | | | use to move. You can also negotiate with the |
| use to move. You can also negotiate with the | | | | foreclosing lender for cash assistance. |
| foreclosing lender for cash assistance. | | | | If you made a large deposit and your landlord refuses |
| If you made a large deposit and your landlord refuses | | | | to return it or no longer has the capacity to return it, |
| to return it or no longer has the capacity to return it, | | | | it is best if you ask help from a lawyer. There could |
| it is best if you ask help from a lawyer. There could | | | | be laws that apply to your situation and enable you |
| be laws that apply to your situation and enable you | | | | to recoup your money. State and federal legislators |
| to recoup your money. State and federal legislators | | | | have already passed laws that protect renters from |
| have already passed laws that protect renters from | | | | being abused in case of real estate foreclosures. |
| being abused in case of real estate foreclosures. | | | | |