What happens to tenants renting from a landlord whose p
Submitted by sisterofcrazyhouse on Mon, 06/23/2008 - 12:24pm.
foreclosure property with tenants renting from owner?
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Comments:
Unless tenants have a lease the pre-dates the foreclosing loan, they will be evicted after the foreclosure unless they move. Most lenders, as well as 3rd party foreclsoure buyers, will give tenants $500-$5000 to move quickly and leave the house clean. This is a tenants best solution.
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