No, the situation is the same, hence so will the advice. Figure out what the daily rent is, then figure out how much you have at risk (deposit and prepaid rent). Calculate the amount of days your deposit is worth, then let the landlord know that you will be moving on the day that you will be even, tell them in writing and include that the only reason is that the house is in foreclosure. You will only be out your hassle and moving expenses but at least you can plan it. I wouldn’t give them another dime at this point, you don’t have a ton of time left, in about three weeks the bank will set up the sale for at least thirty days out, so you can escape without losing money. Don’t try to profit from it or live rent free unless the L/L agrees to a reduced rent in writing and only after your sec deposit credit has been exhausted. That way you are being prudent and fair for a lease the L/L has already violated, if you ever ended up in front of a judge you will look like a reasonable person and not an opportunist. Save everything, including the proof that it is foreclousre so that you can show it to future landlords. Next time, check any potential rental for not only being in the foreclosure process but the liklihood of going into it. Check the price they bought it for, any refi’s or seconds and the market value, if they have less than 25% equity, keep looking. The few hours of research at the recorders office will be rewarded by not having to do this again.
