Calif. considers hefty fines for landlords who hide default

Rent it Right

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Q: I rented a single-family home two months ago, only to learn today that the owner is losing it to foreclosure; the sale is scheduled for next month. Obviously, he knew about the default when he rented us the house, but said nothing. Do we have any recourse? –Tom T.

A: You’re not the only tenant who learned after signing a lease or even moving into a month-to-month arrangement that the property is about to be lost at foreclosure. That news brings several risks.