renting-property in foreclosure?
I recently rented an apartment back in Sept/Oct in a one year lease. The property was then managed by a management company. The people who managed the apts when I moved in just sent a letter in February stating that they were no longer managing these apts. they sent back our deposits and march rent we (myself and the other 2 tenants that occupy this building) figured the landlord or new management would contact us, instead I just got a letter that it is foreclosed and will be sold in May. So what do we do? Do we need to move out do we owe back money what the heck do I do? It says that this serves as notice and that something about master set will be ?legal talk..all gibberish? on the 14th of may which sounds like they are talking about keys? I cant afford to move out unless I use the money that was supposed to be for rent. The court papers do not state that we need to move, its all written to imply things but not stated clearly as to what we do? please help! Am I obligated to stay or can I move out?
|