Landlord is being foreclosed what are my options (tenant)?
We are renting a house in IL and it’s been about 3 years now. Recently we found out that the house is going into foreclosure. Landlord is being foreclosed and we got notice of sale that the place is going to go on sale on July 5, 2011.
I think it was letter letting us know what is going on. Plaintiff (wells fargo vs. defended (my landlord’s name) The envelope addressed to my last name or current owner. Now I have been paying rent to my landlord and never missed a payment. I think she is having financial hardship and it’s going to foreclosure. Our AC is broken and she is basically told us she does not have any money to fix that. She has given up on all maintenance and other house repairs.
We have monthly lease with the landlord we have been paying all my rent on time.
We still keep sending her monthly check for rent made out to her name.
I have questions am I going to get evicted?
Is this going to affect my credit report?
Now I know for fact that she is not making any payments to Wells Fargo.
Technically I am still obligated to pay rent. Should I keep paying rent if my landlord is in Foreclosure? I do not know what to do?
if I move out next month what are the protocol I am not under leased its basically monthly.?