Can you rent out a foreclosed home? 5 Answers as of October 09, 2013

My landlord recently kicks us out of her foreclosed home. is it even legal for her to rent it out to us or anyone for that matter?

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Gottlieb & Goren, P.C.
Gottlieb & Goren, P.C. | Aaron W. Goren
Yes, until the foreclosure is final,i.e.the redemption period lapses, your landlord is still the owner.
Answer Applies to: Michigan
Replied: 10/9/2013
William Bidwell, Attorney at Law | Bill Bidwell
That is an issue between the landlord and bank.
Answer Applies to: Michigan
Replied: 10/8/2013
Dessy & Dessy, a Professional Corporation | Ronald D. Dessy
There are no laws which prevent a landlord from renting out a home which is in foreclosure. Once the foreclosure is completed, the prior owner loses his ownership rights, and may not enter into a rental agreement for the foreclosed home or collect rent from an existing tenant, after the foreclosure is completed.
Answer Applies to: California
Replied: 10/8/2013
Harper Law Offices, Inc. P.S.
Harper Law Offices, Inc. P.S. | Joseph T. G. Harper
It is okay to rent a home in foreclosure to someone. The problem is that you never know if the owner is in the process of trying to work something out, such as seeking a loan modification, or if they are just trying to collect as much rent without paying the mortgage for as long as possible. There are both state and federal protections for tenants renting foreclosed homes, so generally if a home gets foreclosed the tenant will not be left in a bind, and a new owner might even offer to keep the tenancy going.
Answer Applies to: Washington
Replied: 10/8/2013
Stuart P Gelberg
Stuart P Gelberg | Stuart P Gelberg
If the foreclosure is complete, the "landlord" does not own the property and has no rights to rent it or possess it. If the property is in the foreclosure PROCESS, your landlord still owns the property and can rent it. However you landlord is not obligated to rent to you or anyone else.
Answer Applies to: New York
Replied: 10/8/2013
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