Renting a home, yet the owner let it go into foreclosure?

Last week, our property manager confirmed that our house was in foreclosure and it’s being auctioned off December 1st. At the beginning of this year we knew that the owner was having trouble, but our property manager said, “everything was fine.” Well now it’s obviously not. Anyone know what might happen? Like do week we have to move out by next week? Right now, is he still the owner? Does the fact that there is supposed to be a written notice 30 days before we have to move out even matter anymore? Do you think we’ll get the deposit back? Etc. Neither the owner or property manager have been the smartest or most truthful people. It’s so sad, this house is big, by the golf course, less then 5mins from the lake, we just can’t believe he let this happen.

Don’t worry so much-this situation is much more common thee you think…As a result the Feds stepped in to protect people like you. I am sorry-I lost my link to the law–but googleup=federal tenant protection act of 2009-I think it may be Senate bill 896..In most cases your lease will survive the sale or if you are month to month they have to give you 90 days notice to move after the sale,As far as the security—you need to get to the bottom of this-who has it—you may need to sue the previous owner for it before he disappears if the noteholder doesn’t have it.

The Pines Golf Club, Absolute Auction, Complete Liquidation

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