Belt Auction

Me and my husband are renting a home, and about a 3 mths ago a lady came by and said that the property was....?

Basically the property was going under foreclosure. Immediately I contacted my owner and questioned him about what was going on. He told us that he was in the process of trying to keep the home from going into foreclosure and not to worry about things. Well just this morning we woke up to a notice that the house was going to be auctioned off on 3/19. We live in the state of California, what should we do and is that legal for them to auction the house while we are still tenants? What can we do and where do we begin?

Public Comments

1. Relax It will be a minimum of 6 months before you have to leave. Usually the lender will pay you to go. Just keep paying rent and keep proof that you paid
2. Yes, it is legal. Obviously the owner lied to you.
3. The ownership of your home is separate from the occupancy and possession. You have lawful possession and the ownership is in the process of being transferred to a new owner. You may be notified to start sending rent to a new address, or you may receive a notice of eviction. If you have a lease, you may have more protection than if your agreement is month-to-month.
4. You should contact an attorney for advice regarding your rights in this matter. If it were me, I'd stop paying rent immediately and look for other housing. This is not legal advice; I am not an attorney.
5. After the auction, the new owner may either agree to rent to you or evict you which takes about 30 days, but you do NOT want that on your record (It effects your credit) Come to an agreement with the new owner and live by it.
6. Yes, this is legal. You owe rent until 3/19, at which point you move out. If you wish to illegally occupy the property after it is sold you can wait another 3 weeks for the eviction from the courts. The eviction will be on your credit report for 10 years.