Rights of the lessee in the short sales

When times are difficult, often such as seizures and standard loan questions. If you rent a property, it is important to know what your rights are if property decides your owner short sales. Short sell definition of short SaleA occurs when a seller has more that the selling lender mortgage the property for less than what due is worth it and negotiated. This means that no extra money from the sale is the lender as the seller, but it prevents that a seller have the new owners comply with the terms of the lease to Home foreclosure.Right against EvictionAs lessee, face, as long as you have signed a lease agreement. You can force that leave, as long until your lease its course.RentYes run, have to pay the rent. If you rent property sold, work just to pay the new owners and rent it or her.Lease RenewalsYou are not allowed, to renew lease one which sold the property in a short sale. The new owners want to live, have no choice as move.Current LeaseYour of new owner, which has new owners lease terms of use for your current respect. The new owner is responsible for maintenance and other issues with your lease.