Anyone know about renters rights in result of a home forclosure?

Answers:0   |   LastUpdateAt:2012-09-04 19:58:06  

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Amy L.
Asked at 2012-09-04 19:58:06
My husband and I are renting a house from a real estate company . We've been here for five months , and signed a one year contract . We recently reported that the owner ( shareholder ) who have never met to repay the loan and the home is being forclosed on. The rental company told us that we could move to another house . I'm angry because now we have to move forward , even though we paid the rent . If the rental company to pay expenses for moves us ? We have inquired about purchasing the home at auction and were told to pay closing costs . We do not have that kind of cash and just wanted to add that into the loan , but were told that the broker can not do that in a foreclosure . Just wanted to check because they have no experience with this. Thank you.
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