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Foreclosure: Advice to Tenants <br />If you are renting in a property that is in foreclosure, Minnesota law requires that we send <br />you t~is notice about the foreclosure process. Please read it carefully • . <br />The mortgage foreclosure does not change the terms of your lease. You and your landlord <br />must continue to follow the terms of your lease, including the rights and responsibilities of <br />you and your landlord. You must keep paying rent unless you have a legal reason to <br />withhold it. Your landlord must keep the property repaired. Utilities must be paid under <br />the terms of your lease or under state law. <br />Moving out of the property early might be a violation of your lease. The date of the <br />sheriff's foreclosure sale is in the attached foreclosure notice. In most cases you do not <br />need to move from the property before the sheriff's foreclosure sale. Read your lease to <br />see if it says anything about foreclosure and about the rights you may have if the property <br />is in foreclosure. If you have a monfb .. to-month lease, the foreclosure notice does not <br />change the rules for ending your lease. You and your landlord must still give legal notice <br />to end your lease. <br />In most cases, your landlord has six months after the date of the sheriff's foreclosure sale <br />to pay off the mortgage. This is called the "redemption period." Read the attached <br />foreclosure notice to determine the length of the redemption period. You cannot be asked <br />to move during the redemption period except for lease violations or if your lease expires <br />during the redemption period. If your landlord stops the foreclosure, you may not have to <br />move from the property. If your landlord does not stop the foreclosure, there will be a <br />.new owner of the property at the end of the redemption period. <br />The new owner may have the legal right to ask you to move even if your lease is not over. <br />But, the new owner must still give you a written notice stating that the new owner wants <br />you to move. <br />Do not wait to get information about foreclosure. Mortgage foreclosure is a complicated <br />process. It is important you learn about your rights as a renter when there is a mortgage <br />foreclosure. You may have fewer options if you wait too long. There are government <br />agencies and nonprofit organizations tha·t you may contact for helpful informatfon about <br />the foreclosure process. For the name and telephone number of an organization near you <br />please call the legal aid office or bar association office in your county. You can also find <br />information on tenant rights at HOME Line at (866) 866-3546 and Law Help Minnesota at <br />http://www.LawHehiMN.org. The state of Minnesota does not guarantee the advice of <br />these agencies and organizations. <br />Sent by~ Wilford & Geske, P.A., 7650 Cwrelt Blvd., Suite 300, Woodbury, MN 55'25. Phone 651-209-3300 <br />THIS COMMUNICATION IS FROM A DEBT COLLECTOR A TIEMPTING TO COLLECT A <br />DEBT. ANY INFORMATION OBTAINED WILL BE USED FORTHAT PURPOSE. <br />1 <br />I