Tenants in Foreclosure- update
It’s that time of month again where I pay my bills that are due on the 1st and of them the rent is always at the top of the list. Still, when you rent a home that is in foreclosure you cannot just automatically pay it like you normally would. For the last six months I have had to deal with the uneasiness of wondering when I’m going to be asked to move out of my home because of the landlords allowing it to go into foreclosure.

As I’m getting ready to get an update on the foreclosure someone drives up to my home and stares at it out their window, writes down some notes on a clipboard and snaps a photo. I’m quite sure they were hired by the bank to see if the home was still occupied and in good repair. Still, this is a very unsettling feeling to know that someone is watching you.

So today I made my (what now has become monthly) call to the trustee to find out who is entitled to my rent payment. When I called last month they said the foreclosure was on hold and the sale date was postponed to Nov 3rd. Today…no change. So I will wait to pay the rent and call back next week after the 3rd.

November 3rd is the third date that has been listed for the home to be sold at auction. Still, I have only ever received two pieces of mail from the bank or trustee and those were both last Spring notifying me that the home was to be sold at the end of August.

The new legislations requires that a tenant is notified when I home is in foreclosure, but why isn’t it required for them to update me on the status. It would seem that if the sale date was changed the tenant who lives in the home would again need to be notified.

Why doesn’t the bank provide resources for the tenant? Why is it now my responsibility to find out if the landlord actually has a right to my rent payment?

I’ve come to dislike and feel uncomfortable in my home. Still, finding a new place to call home is proving to be just as frustrating. I’ll write about that soon.