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Updated over 7 years ago,
I Foreclosed on a House, What happens to exist sect. 8 tenant?
I made a private Hard Money loan on a single-family property in Birmingham Alabama. Our borrower purchased the property, rehabbed it, and put a section 8 tenant inside.
Our borrower defaulted and we took the property to foreclosure. The tenant is now sending me rents, and Section 8 is sending their portion as well. My question is: what happens to the tenant now? I have never received a copy of the lease, info on tenant, etc.
I'm trying to figure out if I am OK to either 1)evict/sell retail Or 2) renew lease / sell turnkey.