Re: Foreclosure

Posted by Bill H on February 18, 2007 at 19:36:25:

In Reply to: Re: Foreclosure posted by kathylewinski on February 18, 2007 at 11:23:26:

What Jim-V is saying is ...Unless the lease was written BEFORE your loan was made....In other words if you bought the property and it already had a tenant and they had a lease BEFORE you purchased and refinanced then it would survive the foreclosure. Otherwise it does not survive the foreclosing lein.

Example...bought 02/15/07...closed 02/18/07
Tenant lease 02/19/07...will not survive
Tenant Lease 01/31/07...will survive

Good Luck,
Bill H

Follow Ups:

• Thanks Bill. - Jim V 00:43:20 02/19/07 (4)
  • Re: Thanks Bill. - Kathy Lewinski 15:57:03 02/19/07 (3)
    • After the California Notice of Default is recorded. - Jim V 18:08:36 02/19/07 (2)
      • Re: After the California Notice of Default is recorded. - Kathy Lewinski 11:25:17 02/23/07 (1)
        • Re: After the California Notice of Default is recorded. - Larry (Nevada) 04:22:20 02/28/07 (0)

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