Posted on: 30th May, 2010 10:25 am
Hi, i am renting an apartment and the owner is now loosing the place because she can't afford to pay any longer, she is now trying to short sale the place and if it doesn't happen, what will happen next? If the bank takes over, how long before i will have to move out?
Welcome desertrat,
If the short sale request is not accepted and if the bank forecloses the property, then he will send you a notice to leave the property. The notice will mention the time period within which you will have to leave the property.
If the short sale request is not accepted and if the bank forecloses the property, then he will send you a notice to leave the property. The notice will mention the time period within which you will have to leave the property.