Fore! Closure?
So, yesterday while I had a couple of friends over before going to the D&D game I'm running, there's a knock on the door. I figured it would either be Jehovah's Witnesses (a fairly common occurrence on the weekend), or someone knocking on the wrong door (once very common, but getting less so). But, it was neither. It was a woman whose job it was to inform all of the residents of the townhouses in our little "complex" that the property is being foreclosed on. She handed me a packet of information, took down my name, and moved on to the next door.
So, on January 11th, the property is going to be sold at public auction. For now, this actually doesn't mean a whole lot. I'm to continue paying rent to my current landlord, although I'm allowed to inform him in writing that I would like to use my deposit to pay my rent (which I will do). So, that means that basically I get my full deposit back. Also, whoever buys the property has to provide at least 90 days notice if they want me to move out. So, the soonest I would have to move is April of 2011. But, unless they're tearing the place down to build something new, most likely the new owners will want to keep whatever paying tenants they already have. My rent amount might change, which could either be good or bad (if it gets bought for a low enough price, they might be able to lower rent and still make a profit), and if it's bad enough, I'll definitely be moving. But, for now, things continue as planned up here. Just a interesting little hiccup in an otherwise peaceful weekend.
So, on January 11th, the property is going to be sold at public auction. For now, this actually doesn't mean a whole lot. I'm to continue paying rent to my current landlord, although I'm allowed to inform him in writing that I would like to use my deposit to pay my rent (which I will do). So, that means that basically I get my full deposit back. Also, whoever buys the property has to provide at least 90 days notice if they want me to move out. So, the soonest I would have to move is April of 2011. But, unless they're tearing the place down to build something new, most likely the new owners will want to keep whatever paying tenants they already have. My rent amount might change, which could either be good or bad (if it gets bought for a low enough price, they might be able to lower rent and still make a profit), and if it's bad enough, I'll definitely be moving. But, for now, things continue as planned up here. Just a interesting little hiccup in an otherwise peaceful weekend.