If I know my apartment that is being rented is facing
foreclosure? Can I terminate my lease agreement. From what I am reading the rights of the lender trump the rights of the tenant.Reneeez, that really does not make any sense. If they are defaulted on their mortgage and get foreclosed on what kind of sense does it make for me to stay there and risk getting evicted right alongside the landlord? He wasn't able to honor his financial obligation to his home so the bank seized it. I would think the lease is no longer valid through him if the bank becomes sole owner. He has faced foreclosure 4 times already and each time I get a notice to vacant then like three days later to disregard it. I would assume there are laws protecting the tenant just as they are here protecting the landlord. He has breached his contract somehow...Ill just have to find the fine print saying so.
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