Florida Tenant laws. Short-sale, Foreclosure, and making our rental payments.
We recently found out our landlord is trying to do a short-sale on the property we are currently renting from him. He gave us the first opportunity to buy; however, we are unable to do so at this time. It is my understanding that he will try to find someone to short-sale the property to or else it will go into foreclosure. It is my understanding from what I have been told, that (1) if someone purchases the home through means of a short sale, the new home owner would still have to abide by our current lease agreement. (2) If they are unable to sell the house in a short-sale and the home were to go in foreclosure, I was told it is illegal for the landlord to continue collecting rental payments once the foreclosure process begins on the property. Can you clarify or verify any of this?
