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Old 04-29-2005, 08:56 AM
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leasing property that is facing foreclosure

What is the name of your state? ny

my daughter is leasing a house that she heard is going to be foreclosed on. If she is locked in to a lease that still has about 8 months left on it is she protected on that lease if the house is foreclosed on? The mortgage is held by a private individual not a bank. Thanks for any info.....
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Old 04-29-2005, 09:52 AM
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Quote:
Originally Posted by Need4Answers
my daughter is leasing a house that she heard is going to be foreclosed on. If she is locked in to a lease that still has about 8 months left on it is she protected on that lease if the house is foreclosed on? The mortgage is held by a private individual not a bank. Thanks for any info.....
Nope. As a process of the foreclosure order, the court can order the termination of any existing leases.
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