The home my friend is renting is being foreclosed what happens next?

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Nothing, she's renting not owning it...the owner's weren't paying there mortagage and the bank decided it was time to foreclose so they have to right to do so. If I was your friend I would find a lawyer and sue the owner's of the house....

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Go to http://www.findlaw.com and look up tenants rights under the real estate heading. It gives you a lot of useful information about all of your rights as well as a state by state list of lawyers who are well suited to help. Just as a contingency plan, your friend needs to be searching for another home. I'm a real estate agent in TN and there is a great first time home buyers program which offers down payment assistance as well as help with your closing costs. It's a great program since owning a home usually is much cheaper than renting one and these programs provide people the opportunity to own a home who otherwise would not qualify. I don't know what state your friend lives in but if they get in touch with a reputable realtor, they can get more detailed information about this. I hope this helps your friend out and I wish him/her the best of luck!

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