Upcoming Foreclosures

What does forfeiture of real property mean?

I have been renting a house from a property management company and I just did a search and there was a statement about the property that states that a certificate of forfeiture of real property and my address! What will happen? Will we be thrown out?? forfeiture of REAL PROPERTY! I have called the property manager and none of my calls were returned!

Public Comments

1. call the property management company immediately and find out. there is some kind of bill or something being started to protect rentors from foreclosures etc.
2. The buyer (owner) is giving up his interest in the property (most likely not voluntarily) and it will go up for sheriff's sale. This may vary from state to state but that is the gist of it. You probably are at an advantage since there is a property management company involved. Hopefully, they have your deposit so you may get that back when you move out. Contact them and see what they say about your tenancy. Most likely, you will have to move.
3. Certificate of forefeiture of what? Forefeiture means to give up the right of ownership. The property in which you live could have the certificate of forefeiture from previous owner of its fixtures and other attachments to the property. Check further. Also, call up your apartment manager and ask the question directly. There's no shame/embarrassment in doing so. Everybody is entitled to feeling secure about where you live.
4. These processes vary by state, but the property owner is behind on their real estate property taxes and someone else has paid them - the delinquent tax payer usually has between 21-60 days to pay or make payment arrangements or the judge can deed the property to the individual who paid the back taxes.