Legal Question in Real Estate Law in Texas

my parents and i just moved into a residential house a week ago, and we signed a one year lease and we just got a letter in the mail, stating that the home owner is 2 months past due on his note and that the house is at risk of foreclosure if he doesnt pay the full amount, so i was wondering what is gonna happen to the lease if it does go into foreclosure, and is there anyway we can talk to the mortgage company or bank and see if we could take over the payments in our name or do we have to wait till it actually goes into foreclosure to do that.


Asked on 8/09/10, 7:46 am

1 Answer from Attorneys

There are a few different options available. Do you want to keep the lease in place, move out or buy the house yourself? Feel free to call me if you want to discuss it.

Dave

http://leonlaw.com

Read more
Answered on 8/14/10, 8:09 am


Related Questions & Answers

More Real Estate and Real Property questions and answers in Texas