November 19, 2008
Open Question: what are the tenant rights when the house you're renting is going into foreclosure?
So my parents has been renting this house and last week they got a notice stating that the bank now owns the house and that the owner hasn't been paying the mortgage for some time now. The paper says that they have to move out of the house by the end of November 2008. My parents talked to the owner of the house and they said that it was a mistake and that they should not move out. Even if the house does get auction off, if no one buys it, they can still live there. But, I know that if they don't get their things out by the end of November the bank will change the locks and anything that is left inside the house will be in their possession. My parents kept all of the payment receipts made monthly on the house. So as a tenant, can they do anything about it? They didn't get a 30 days notice - so that leave them a very little amount of time to look for another new place. Not to mention, my parents are in section 8 (low income) and they do help pay $300 a month for the house too. My parents are paying $900. Can my parents call section 8 and can they help them, since they're paying for the house too? Any help will greatly be appreciated. Thanks in advance. more…
in Broward County Circuit Court more…
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HUD Said to Weigh Bid to Entice Banks Into Foreclosure Program
Bloomberg - 19 (Bloomberg) — The Bush administration, seeking to entice more lenders to join a program aimed at preventing foreclosure, is considering a reduction in … |
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Housing agency loosens foreclosure aid rules
Reuters - WASHINGTON (Reuters) - The US Department of Housing and Urban Development will loosen terms of its foreclosure-prevention effort so that the program, … 2nd UPDATE:HUD Retools HOPE US Foreclosure Prevention Program HUD expands mortgage modification program Mortgage aid falls short, Bush admin official says |
 New York Daily News |
Are Bailout Funds for Foreclosure Mitigation? Frank Vs. Paulson
U.S. News & World Report, DC - But $40 billion for AIG, and then we can’t find $24 billion on the mortgage foreclosure, is part of the reason we have the real problem with the country. … Frank sees TARP money going to foreclosure aid Working on a Big 3 rescue…Foreclosure proposal…Obama's AG … Frank says some of $700 billion must go to homeowner relief |
