The story of the landlord being foreclosed on the house that you rent is a popular one lately. It’s a terrible situation that you’re in. Where will you love? How could this happen? It’s surely not fair.

Fear not! You are not SOL. You have rights and options. Here’s what to do if your landlord is facing foreclosure.

How To Find Out If Your Landlord Is Facing Foreclosure

First things first. Don’t let the sheriff show up on your door and tells you to get out of the place you rent. That’s the absolute worst way to find out that your landlord has been foreclosed. Be proactive, not reactive!

One of the most telling sign that your landlord is in trouble and might be facing foreclosure is the property taxes. Quite often one of the first things that a landlord stops paying is property taxes. Take a tip to town hall. Find the office responsible for property taxes and just ask. Simple as that.

Remember that landlords of single family homes face foreclosure at a much higher rate that landlords of large complexes. It’s very unlikely that a building with many apartments will face foreclosure.

Did you know that you can check at the courthouse or recoreds office to see if your landlord has faced foreclosure in the past. A past history of foreclosure can be a huge clue into future behaviour. Present bankrupty filings will be there for you to see too.

When in doubt just ask. Hopefully if your landlord is in dire straighrs he will be honest about it. And remember, many banks and agencies like HUD will allow you to stay in the home or help you to relocate. All is not lost.