Legal Question in Real Estate Law in California
Landlord selling house
We have a lease until 4/2009. Our lanlord is trying to sell the house because of financial difficulties. If the house is foreclosed will we be evicted?
Asked on 1/19/08, 4:37 pm
1 Answer from Attorneys
Bryan Whipple
Bryan R. R. Whipple, Attorney at Law
Re: Landlord selling house
If the house is foreclosed, a buyer could evict you, if it chose to do so, unless you have a lease which is senior to the foreclosed obligation, which is unlikely, but possible if the loan is recent and you had a long term lease.
If the landlord successfully sells the house, however, your lease will remain in effect.
If there is a foreclosure, perhaps the new owner will be happy to keep you as its tenants under a new lease.
Answered on 1/29/08, 6:56 pm