Renting an condo that’s now a short sale?

I’m renting a room from someone whose condo is in short sale. My name is not on this property at all. She claims this won’t affect me for quite some time as she’s not going anywhere for at least a year. Any thoughts about how long i actually have left to live here? (aside from the obvious, that i should look for a new place to live…already am). It’s in South Florida.
I don’t have a lease.

At least 6 months. Your lease should be fine.

This entry was posted on Monday, July 25th, 2011 at 7:55 am and is filed under new condos for sale. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

3 Responses to “Renting an condo that’s now a short sale?”

Ryan M on July 25th, 2011 at 1:14 pm

The new owner MUST abide by the terms of your lease. Relax
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blueeyes italia on July 25th, 2011 at 1:50 pm

A short sale of a property is just a way for an owner of a property to avoid foreclosure. I would not trust any time guarantees made and immediately look for a new place.
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Landlord on July 25th, 2011 at 2:14 pm

At least 6 months. Your lease should be fine.
References :

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