Renting a room in a home going through foreclosure in Orlando, what to do?
December 22nd, 2011 | 
Author: Question by : Renting a room in a home going through foreclosure in Orlando, what to do?
I’m a student in Orlando, Florida, renting a room in a house within a gated community. Apparently the house is going through foreclosure. I dont have all the details because the “owner” wont give them to me. How can I find more information on the situation? What are my rights? I keep reading something about “cash for keys” in which the bank will give me time and money to move out? Can someone help, thanks!
Best answer:
Answer by Harold
This is a very messy situation. Technically if the property is in foreclosure, the true
owner, the lender has exercised their rights under the Mortgage to take possession of the property as the owner is not paying the mortgage. Technically, you Can also be evicted as you should be paying the lender. If this were a 2 family home, the lender could contact you and request payment be made directly to them. Since this is not the case, and this is a room you are renting, they probably do not know about you. If i were in your situation I would simply move out and save myself the headache. The other options is to contact the true owner directly and explain your situation to them and offer to pay them the rent directly. This could create an uncomfortable situation with the co-tenants though. You may be able to obtain the name of the lender through public tax records…..good luck.
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