Q: The property I'm renting was lost in foreclosure in April 2009. The landlord told me he just wasn't able to keep up with the payments, but it sure seems to me that he's been living pretty well recently -- he's got a new car, and just got back from a weeklong vacation in Hawaii. I've got a year's lease, with nine months left, and this owner bought the place six months ago. I'm afraid I'm going to be told to leave by the bank or the new owner. Do I have any recourse against my landlord? --Fred S.
A: If your state has a law against "rent skimming," you may have grounds to go after this landlord, though it won't stop a new owner from terminating your lease. Foreclosures occurring after May 20, 2009, are subject to different rules, and your lease likely would have survived if the foreclosure had happened just a month later. As you're not in this fortunate situation, however, we won't dwell on what could have been. more...