Tenants in Foreclosure- Update
I realize that I left you all in the dark on August regarding the auction of the home I live in. On August 17th when I wrote the last post I was still assuming that my home was going to be auctioned on the county steps the following Monday August 23rd. Well, just a couple of days before the auction date I called the trustee’s automated system and found that the auction was on hold and had been postponed until October 4th. So here I am again, just days away from the home I live in possibly being auctioned off.
I called the trustees automated system today and it says the same thing it did in August. The home is on hold and scheduled to be auctioned on October 4th. This puts me in a difficult position. My rent is due on Friday and I always pay on the 1st even though I have the five day grace period. I emailed the landlords to see if they can provide any updates, but to date their updates have been less that truthful or helpful.
Since my lease does allow me a five day grace period I think I will just hang onto my rent until I am assured that it is not sold on the 4th. If it were sold that would mean the landlords would receive rent for the entire month of October even though they only owned it for 4 days.
More to come next week…