If an apartment building is being foreclosed, what happens to the tenants?

January 24, 2010


Will they be kicked out?

Real Estate Professionals

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{ 2 comments… read them below or add one }

djayking1184 January 26, 2010 at 12:34 pm

It depends. Some banks may evict while others banks may hire a management company to collect rent till it can be sold at auction.

col. Kurtz January 26, 2010 at 6:40 pm

Depending your state, the Leases/contracts are “extinguished” with the foreclosure so your subject to the whims of the new owner!!!

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