Gainesville Florida Lease Deposits During Foreclosure
Gainesville Florida Foreclosure News – Lease Deposits During Foreclosure – Delays on mortgage payments by the landlord result to a foreclosure. A judicial process for foreclosures is required in Florida; therefore, the lender must file a foreclosure case by court.
A notice of lawsuit is posted on the home. The landlord has the option to either negotiate with the lender or make full payment on the home in order for the foreclosure not to proceed. The tenants are also notified and this is through a notice posted on the home once the schedule for the foreclosure sale has been set.
To ensure recovery of lease deposits – for security, pets, etc. – from the landlord, Gainesville Florida renters should respond quickly as soon as the notice comes. Delay to act lessens their chance to get a refund. Renters should also inquire about the foreclosure in order to be guided on what to do.
Renters can file a lawsuit
Gainesville Florida renters who will be pressured to move out from the foreclosed home, according to Foreclosure news, can file lawsuits in state court for the damages. A breach of contract case may be filed in court for early termination cases. Claims of fraud may also be filed in court if the landlord continued collecting rent even after the home was foreclosed. The renter may be able to go to Small Claims Court for these charges depending upon the amount of lease.
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Please seek legal advice. This information is for informational purposes only.
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