Monday, August 8, 2011

Renter rights in the event of a short sale?

I'm currently living in a home that is being sold to avert foreclosure. Foreclosure notices have officially been sent to the house. I'm told that the house is now in what is called a "quick sale" or a "short sale". I don't understand what this means or how this would affect me as a tenant. I have nowhere to go; I'm a 53 year old disabled female with SSDI benefits, which provides me with a marginal income. What do you advise? Thank you!

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