Good news! My story has sparked the interest of Brent Hunsberger from the Oregonian while we met for coffee on Monday. He immediately went back to his editor and asked to write about tenants in foreclosure. So this weekend you’ll find Brent’s article focusing on tenants in foreclosure.
I figured that warranted a timely update to the blog. The most recent sale date of the home I rent and live is was November 3rd. It was funny, this week Brent and I met for another coffee meeting on Wednesday and as we were talking we realized that my house could at that moment be in the process of being auctioned on the county steps. He was waiting for a reaction from me on this, but I told him I really didn’t have one. This was the third date I had been given by the trustee that the home would be auctioned.
Quite honestly I didn’t even get around to calling the trustee to find out the outcome until last night and that was only because Brent followed up with me. Well…..it got postponed to December 3rd. That means my landlords are entitled to the November rent and they were sure to email me this morning letting me know rent was due. I didn’t even bother to respond to them. I just transferred the funds into their bank.
I’ve really become so bitter over the whole thing. Early on in the process I thought I might want to buy the house myself, but now there’s no way I’d want to.
I found your response humorous because unlike most of our clients you resented yourself to the process. I find it almost laughable that once the courts confirm a residence of 1-4 units is in foreclosure there is no order to have a receivor assigned to the property. At a minimal the owner will not continue to receive rent but forgets the mortgage responsibility. Too many owner’s look at the foreclosure process as a cash cow