Rights of tenants from California to the rental property foreclosure

The fact that you pay your rent does not mean that the owner of the property where you follow life with his mortgage payments. If by default on your mortgage payments a "notice of default" which means can receive your owner, the property will be excluded if the rent due is not paid. Tenants have California not many rights in this situation. ForeclosureThere find tenants, there is no law says that owner you informed that succeeds it be excluded on the mortgage and property. You ignore your rent your House threatened a shield is until you "trustee notices" posted see on your property. This means that the property is auctioned.Your LeaseIf your lease month offer only 30 days in advance in writing to terminate your lease agreement. If you have a contractual term and there are even months until the end of the lease, you should talk your owner, the early leave. By default from your landlord lease agreement automatically.New the PropertyDuring closes foreclosure property property can be bought by a new owner or it can be transferred to the mortgage lender. California law allowing these parts to distribute the most tenants. You receive 30 days in advance, you have to leave the property. This is the usual result for properties where the creditor takes possession. If you are sold you move within the specified time. It doesn't matter how long you have lived in the property, or if your lease stated nor your lease signed not expired.ExceptionsIf prior to the date on which your landlord moved the mortgage, which it in you may remain failed, until the end of the lease. If youa locAtaire article 8, which means that you get housing or housing good choice, the lender can not kick. It is advisable to contact a lawyer, exercise rights Ynos in these situations. If you rent in a controlled or live "just cause" community, you may be forced to leave due to foreclosure. Please contact the rent control or by law to determine whether this is true for DepositYou you.Security stabilization Board are to get right to your deposit by the new owner of the property. It doesn't matter if the owner is transferred to deposit their previous owners. If you you don't deposit within three weeks from the date of which return your removed need to continue the owner of the property. You can do so by the small claims court.