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I rent a house from a landlord and now he has done a deed in lue . How does that affect me?

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shaunalj12000 Joined: 06 Jun 2010 Posts: 1 1.00 Dollars($)	Posted: Sun Jun 06, 2010 9:51 am    Post subject: I rent a house from a landlord and now he has done a deed in Like 0 Dislike 0 I rent a house from a landlord and now he has done a deed in lue . How does that affect me?
adonis Joined: 22 Oct 2005 Posts: 10574 Location: ALASKA 1090.82 Dollars($)	Posted: Sun Jun 06, 2010 11:30 pm    Post subject: Like 0 Dislike 0 Hi shaunalj, Your landlord has filed a deed in lieu of foreclosure. This will not affect you in any way. Your landlord is unable to pay off the mortgage dues and thus, he has surrendered the property to the lender who will sell it off and recover his dues. Once the property is sold off, the lender may send you a notice to leave the property. _________________ Procrastination is the enemy of your financial success

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