iowa foreclosures for sale
Is my home in foreclosure?
So I just moved into a duplex and signed a 12 mon lease. Today I was leaving for work and an appraiser came up to me telling me he was there for an appointment. I work in home mortgage so I kind of knew why he was there but I asked him. He told me the home is up for short sale and he was there for the 10am scheduled appraisal. ONE- my landlord did not inform me that the appraiser was coming, isnt he reqired to give me notice, my neighbor didnt know either. TWO – I know typically with a short sale the home is probably in foreclosure, is there a way for me to look that up? THREE – I just signed the lease, if the home is in foreclosure am I required to still pay rent, I live in Iowa. I really just need more information on how I can find out if the home is in foreclosure?
FYI – THE MAN HAD KEYS TO THE HOUSE AND WAS PLANNING ON GOING INTO THE UNITS!
Your home may or may not be in foreclosure Very often a lender will allow the owner of a home try and do a short sale in the middle of the foreclosure process. There is a good chance that the lender is unaware that the seller is trying to do a short sale.
Since you have a 12 month lease a short sale buyer will have to honor your lease. If the property is foreclosed on the lender is required to give you at least 90 days after the final completion of the foreclosure to find another place to live. You are required to pay rent to the owner as long has he owns the property.
Most states require a 24 hours notice under normal circumstance, unless there is an emergency to inspect the property.
You can go to a title company and find out if a “Notice of Default” has been filed against the property…meaning the property is foreclosure.
