Foreclosure Process

LandLordStation.com Foreclosure Process

The foreclosure process is different in every state and contains specific requirements for both the property owner and the tenant. LandLordStation.com offers a variety of helpful information to help you understand, what is foreclosure, what notices must be sent to the tenant, who sends the notices, how much notice time a tenant should be given to vacate and more. The laws of each state are different regarding rental foreclosure and this is one issue that requires the services of an attorney who is familiar with foreclosure laws

If an owner of rental property allows a rental to go into landlord foreclosure, the tenant may or may not receive a notice from the landlord. The lender that holds the mortgage will send a notice to the property address but each state law determines when the notice must be given to the tenant. When a foreclosure judgment is entered by the Court, the tenant’s Lease Agreement is rendered null, void and cancelled and the tenant must vacate the premises. Each state has different laws pertaining to the length of time the tenant has to leave the premises. Many times the lender will offer a "cash for keys" option to the renter wherein the tenant agrees to vacate the property by a certain date and, in return, the lender pays a sum of cash to assist the renter with moving costs.

Protecting Tenants at Foreclosure Act

Find information at LandLordStation.com regarding the provisions of the Protecting Tenants at Foreclosure Act in our tenant resource center. This act sets out tenant rights in foreclosure.

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Foreclosure Records

Understand the information that you get in foreclosure records from LandLordStation.com. The foreclosure history of a prospective tenant is included in our basic screening.

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Foreclosure Defense

Foreclosure is an intimidating process, especially when you know nothing about it. Read our landlord information about foreclosure and how it may apply to you.

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Tenant Screening

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Legal Forms

State-specific legal forms.
Lease agreements, rental applications, lease termination, eviction forms and much more.

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