Foreclosure: Renter Occupied

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Foreclosure: Renter Occupied 2016-11-29T08:46:19+00:00
How does foreclosure affect tenants? 
Foreclosure is the legal process a bank uses to repossess a home when the owner doesn’t make payments. If you are a tenant, you probably make monthly rent payments to your landlord, and in turn, your landlord makes mortgage payments to the bank. If your landlord stops making those mortgage payments, the bank may foreclose on your landlord, and you could be forced out of your home.
Should I pay rent to the new owner?
Yes. If you can identify the owner, you should continue to pay rent to the new owner to avoid eviction.
Where can I get more information?
The National Low Income Housing Coalition has a “Renters in Foreclosure Toolkit.” You can access that toolkit at www.nlihc.org. For more information or to see if you are eligible for legal assistance, please visit the Ohio Legal Services Web site at www.ohiolegalservices.org or call (866) LAW-OHIO (866 -529-6446) to be connected to your local legal aid office.
If you need additional help locating the appropriate resources, contact Ohio Attorney General Mike DeWine’s office at www.OhioAttorneyGeneral.gov or (800) 282-0515.
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