I received a foreclosure notice on the first
day of my lease am I still obligated to fulfill the terms? We are in the state of Florida. We signed our lease 35 days before it went into effect. On the very first day of the lease April 1st, we received a foreclosure summons, with our names on it, as we were moving in. We are not comfortable staying in a home that might or might not be foreclosed on. We have 2 children and our landlord knew this, he also knew we were looking for long term and we discussed renewing the lease yearly up to 5 years. When approached he said he is in the process of refinancing and was told not to pay until the refinance was done. We have stayed for 6 months and the status has not changed. I contacted the court and they are waiting on the Judge to set the hearing. What are our obligations? Do I have to stay the remainder of this lease? Isn't this fraud? They new they were in foreclosure.Just to clear the air we are not looking for free rent. I would not do that. But after the conversation we had with the land lord over dinner before we signed the lease, they should have told us. I would have never signed had I know all the information.
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