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03-19-2009, 06:48 AM
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The house that I am renting went to auction today
because of foreclosure...what happens next? When will I know if the house was sold at the auction? And how long will I have before I have to move if it was sold or taken back by the bank? Can I found out online if it was sold at the auction? I live in Cook County, Illinois if this helps at all.
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03-19-2009, 08:44 AM
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If you are renting and have a lease, any sale is subject to the lease, so the new owner has to honor the terms of your present lease. If it is a month-to-month situation then the new owner could give you a 30-day notice to vacate.Whatever you do, do NOT give any more money to the old landlord, as he no longer has an interest in the property.
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