Eviction from home in Foreclosure
We’ve been renting a home for over 2.5 years. Currently renting on a month to month basis. The home has been in pre-foreclosure for many months and entered official foreclosure status about 1.5 months ago. We’ve been very diligent about paying our rent, but now faced with the proposition of being kicked out when the bank reclaims, we’re not too keen on continuing to pay the rent.
I saw a previous post that suggested that our right as renters to peace and quiet enjoyment may be violated through this foreclosure process. Are we obligated to continue paying the rent?
The auction was scheduled for Oct 11th and we just found out that it has been pushed out until Nov. We assume that the owners have pushed it out so they can continue collecting rent (while not paying the mortgage). They’ve threatened with eviction if we don’t pay up, all we owe is for the month of Oct. What are our rights as tenants?
I think they’re bluffing on the eviction procedure, but not totally sure. I know eviction is a bad stain on a person’s credit (my wife’s and my credit score are both 750+) and we want to completely avoid. Is the credit only damaged if the eviction goes through? Is the eviction procedure irreversible?