If my rental is going into foreclosure mid-month, how do I prevent loss of1/2 month’s rent?

If my rental is going into foreclosure mid-month, how do I prevent loss of1/2 month’s rent?

The condo I am renting is going to cash sale in the middle of the rental month. If I am by law supposed to continue paying rent until the foreclosure, how do prevent over paying the previous owner, since I would usually pay the full month’s amount on the first day of the month? Is it legally within my rights to prorate the amount according to the date of the cash sale? Then pay the new owner the month’s remaining balance? I am confident I will be loosing my security deposit already and do not want to pay for the second half of the month twice.

Asked on February 17, 2012 under Real Estate Law, Tennessee

Answers:

IMPORTANT NOTICE: The Answer(s) provided above are for general information only. The attorney providing the answer was not serving as the attorney for the person submitting the question or in any attorney-client relationship with such person. Laws may vary from state to state, and sometimes change. Tiny variations in the facts, or a fact not set forth in a question, often can change a legal outcome or an attorney's conclusion. Although AttorneyPages.com has verified the attorney was admitted to practice law in at least one jurisdiction, he or she may not be authorized to practice law in the jurisdiction referred to in the question, nor is he or she necessarily experienced in the area of the law involved. Unlike the information in the Answer(s) above, upon which you should NOT rely, for personal advice you can rely upon we suggest you retain an attorney to represent you.