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Posted by Zepher on June 11, 2001 at 21:30:06:

In Reply to: Re: here is some help posted by Renee on June 11, 2001 at 20:10:49:

You are sitting on a terrific opportunity that you may let slip away. Banks don't want to carry foreclosed property. Makes them no money. Call the bank and offer to buy the property. Would probably cost less than you paid in rent, the bank may even finance you.

If you cannot or will not purchase, then you'd better make plans to move fast. Your landlord informed you last year that she was selling the place, you've been a month to month tenant, now you realize that the day you will have to move is very near, and you ask what "rights" you have. Keep on ignoring reality, and others (the bank, a judge, the sherrif) will make your housing decisions for you.

You must focus on the legally relevant facts, - that you are a month to month renter, that the apartment has been foreclosed by a bank - and not on the irrelevant ones you mentioned: your marital status, the fact that you have children.

: I received an "Affadavit of Fact" that stated the co-op went up for foreclosure and was auctioned and that the bank purchased it.

: Is that the same as a deed?

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Comments:
: You are sitting on a terrific opportunity that you may let slip away.  Banks don't want to carry foreclosed property.  Makes them no money.  Call the bank and offer to buy the property.  Would probably cost less than you paid in rent, the bank may even finance you. 

: If you cannot or will not purchase, then you'd better make plans to move fast.  Your landlord informed you last year that she was selling the place, you've been a month to month tenant, now you realize that the day you will have to move is very near, and you ask what "rights" you have.  Keep on ignoring reality, and others (the bank, a judge, the sherrif) will make your housing decisions for you.

: You must focus on the legally relevant facts, - that you are a month to month renter, that the apartment has been foreclosed by a bank - and not on the irrelevant ones you mentioned: your marital status, the fact that you have children.


: : I received an "Affadavit of Fact" that stated the co-op went up for foreclosure and was auctioned and that the bank purchased it. 

: : Is that the same as a deed?


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