Tenant issue in foreclosure acquisition

[John Walker]

I just found out today that my offer for a foreclosure was accepted by the bank...I intend to purchase the property with an FHA construction loan which requires me to live in the house and begin construction within 30-45 days of closing.

However,  there are tenants in the house that have a lease with the previous owner that goes through August 2016.  Is there anyway to get them to leave the property?  I've researched the topic and it seems very difficult to evict tenants in this situation in the state of NJ.

Any suggestions on how to attack this would be greatly appreciated.

Thanks for your time,

John

[Joel Owens]

You need to consult with a local eviction attorney and spend money getting legal advice before getting in to deep with this property.

The bank likely accepted a lower offer knowing how long it would take to get a tenant out. The lease laws vary from month to month agreement , to 1 year, to 2 years or more etc.

It's all about the details.

No legal advice given.