Need advice on landlord losing house to foreclosure?
I've been renting my house for almost a year next month from a friends family member. The house was in the start of foreclosure because it sat vacant for 7 months and he wasn't paying on it. He said he worked out payment arrangements. The past 2 months our landlord was missing and his neighbors said he was hospitalized and his own family didn't know where he was. So for 2 months we kept our rent saved for when he arrived again. Meanwhile, we called his cell several times and it was always going to voicemail. Yesterday, he called his family from a private number and said he's done sending in the mortgage payments and he's going to let the house foreclose. My worry is I've heard that the loan company (Bank of America) has the right to come throw us out and change the locks. That they probably sent him a 30 days notice or will soon. So who knows when he could have gotten that notice and if we have 2 days to move. Do we have any kind of rights? It was a month to month lease and we're packing and looking for another house already. But if they came would they have compassion and give us any time to leave?! I'm sooooo worried!
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