Bought Foreclosure Property that is Occupied

[Viktor Ziv]

Hi All,

I just bought my first foreclosure property that is occupied. Any thoughts on how to approach the current occupants? It looks like the property was rented (not sure) since it is a duplex and I would prefer to keep the tenants if we find an agreement. I talked to my real estate lawyer and she said to go ring the bell introduce myself and see what they say. Any thoughts or suggestions is much appreciated.

[Michael Smythe]

You probably want to serve them eviction papers because it's unlikely they've been making rent payment through the foreclosure process - and won't start now.