Legal Question in Real Estate Law in Texas
Forclosure and leasing.
We are leasing a property and just
found out that the owner has not been
paying the mortgage. The mortgage
company sent a notice to our
residence stating that they will be
taking possesion of the house in the
next 60 to 90 days. At this point, are
we still bound by our lease or can we
consider it void?
Asked on 6/14/09, 4:18 pm
1 Answer from Attorneys
Cheryl Rivera Smith
The Smith Law Firm
Re: Forclosure and leasing.
The foreclosure will void your lease if the deed of trust was executed before you leased the property.
Answered on 6/15/09, 2:25 pm