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I suggest that you consult with real estate attorney to understand the terms of your lease and any options that you may have that will NOT negatively affect your credit.Be careful to protect your credit whatever conclusion you reach.There are many things to consider in order to answer your question.Your situation is best addressed by legal counsel.
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You are supposed to keep paying as the lease is a separate binding contract but if you do decide to leave, make sure you explain the situation with the new landlords and sign the new lease before you leave your current place.
It's also better if you can demonstrate some evidence that you were paying rent regularly but the owner was not paying their mortgage payments. |
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Even with a foreclosure, the bank can't immediately evict. Are you concerned that your rent won't be confirmed as paid? Make sure you are keeping canceled checks and/or receipts at this point in case your landlord is witholding payments to his lender.
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