Even if you have been paying your rent on time, your landlord may still go into foreclosure. State (D.C.,Maryland, and Virginia) and Federal protections may vary. It is important that you understand how long you are allowed to stay in your apartment if your landlord goes into foreclosure.
In the meantime,
- Continue to pay your rent to your existing landlord and abide by the other terms of your lease.
- Open all mail addressed to occupant, current resident, or tenant especially if it is from a court, law firm, bank or finance company.
- Make sure that the bank, the court, and the new owner know that you are a tenant at your address.
- Make sure that you get help from a nonprofit legal services provider.
With support from the Federal Reserve Bank of Richmond, Baltimore Branch, CAFN has created a brochure explaining the rights of renters in D.C., Maryland and Virginia. Download the brochures below.
Reports of Interest
The Urban Institute's report- Foreclosures and Renters in Washington DC.
The National Law Center on Homelessness & Poverty report - Staying Home: The Rights of Renters Living in Foreclosed Properties.