Complex Posted for Foreclosure I’ve been living in an apartment at this complex…

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Complex Posted for Foreclosure
I’ve been living in an apartment at this complex for 5 years. My lease is up at the end of the month. I just learned today from an article in the local newspaper that the property is posted for foreclosure next month. Should I forget about signing a lease and go month to month for a while in case there are problems with upkeep, etc. The complex is just 5 years old but I’m concerned that the bank won’t continue to invest in maintenace of the unitls and common areas if they take the property in foreclosure.

One thought on “Complex Posted for Foreclosure I’ve been living in an apartment at this complex…”

  1. Re: Complex Posted for Foreclosure
    There is a good chance that the loan will be re-negotiated before the foreclosure takes place. You have a dice roll – who knows what would happen! If it were me, I would negotiate for the best lease I could and bite the bullet for the next year. Good luck.

    Cheryl Rivera Smith
    The Smith Law Firm
    11660 Creek Point Drive
    Frisco, TX 75035-8278

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