Legal Question in Real Estate Law in Virginia
Foreclosure - renter's rights?
We are renting a house with a lease through Sept. 2007. We just found out that the house is in foreclosure and will be auctioned in 3 days. What rights do we have as current tenants of the property?
Asked on 5/18/07, 3:46 pm
1 Answer from Attorneys
Michael Hendrickson
Law Office Michael E. Hendrickson
Re: Foreclosure - renter's rights?
Whoever ends up purchasing the house through the foreclosure action will take title to the property subject to your lease which means that you will be able to stay there until your lease expires(assuming that you commit no violations of said lease).
Answered on 5/18/07, 3:57 pm