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Updated over 2 years ago on . Most recent reply

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Foreclosures and Evicting Curious Question

Matthew Lindsey
Posted

Hi, I’m starting to really look into buying foreclosures in my area in GA but I’m trying to run possible scenarios through my head on things that I might encounter. One question I have that I can’t quite find the answer to involves evicting. I’m familiar with the PTFA and having to allow a possible tenant with a lease stay for either 90 days or the remainder of their lease. I can tell a owner most likely lives in the foreclosure by looking at public records. 

My question is:

#1. What if  said owner creates a lease and leases the property to someone else living with them(if they are not family), would this still hold up and allow them to still occupy the unit?
#2. What if that lease they create, if it holds up, has a super ridiculously low monthly rent could anything be done about that?

Just trying to prepare. Hopefully I wouldn’t run up against this but I want to be ready. Also, I would not be trying to occupy the unit myself. Thanks

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