Legal Question in Real Estate Law in New Jersey

Re: Tenants & Foreclosure

Technically your landlord (if he is the owner) owns the building until the day of the sherrifs sale and you should pay rent to that landlord through that date. If the house is sold then the new owner (likely the bank in your case) is the new landlord and should notice you to pay rent to them. There are ways for the landlord to stop a forclosure so until the sale is complete he may legally collect rent from you. If you pay him just keep a record.

Re: Tenants & Foreclosure

Until the foreclosure sale is finalized, your obligation is to your current landlord. The landlord is still the record owner of the property and entitled to continue to receive rent. Be sure to pay by check, not cash, so you have a record of the payment. Since the owner has the opportunity to redeem the property after the sale, this could occur and allow the landlord to become the true owner again. If you have any doubt, contact the court issuing the foreclosure and ask to whom the rent should be paid.