If a property has a lease on it, ie a tenant is occupying the property with a valid lease, and the landlord gets foreclosed upon, can the tenant be evicted or does the person who buys the property at foreclosure have to honor the balance of the lease?

For example, if you are talking to a seller that's a frustrated landlord you have to speak their language.

Nohits from Craig's list, no hits from local newspaper (normal there), people with awful (not bad, awful) credit and bad landlord references.

Hello,Another way to look at it is to envision yourself as the landlord/owner.

You can easily watch probates, foreclosures, tired landlords, expired mls listings, active listings, sheriff's sales, etc all at the same time.

It has been on the market for 9 weeks, and approx 65 people have called to rent it(It is that nice.) but the guy needs to sell it, as he is not a land lord, and doesn't want to be.

Some in this forum, some in the "landlording and rental" forum.

Conversely, if I can only sell them for $100K, but can make $100K/year renting, then I'm a landlord.

In a 4 plex, it would be really nice to have the power to get rid of a terrible tenant, because they are your tenant, and not some druggy loser that an absentee landlord has put in there without checking them out.The last time I checked, the difference in rates that my bank was charging between an owner occupied loan and a non owner occupied loan was 1/4%.

"The WealthLoop Series Beginner's Guide to Building Wealth Buying Houses: The Foolproof Roadmap to Real Estate Riches Without the Risks and Hassles of Landlording"I like this book alot.The general overview was a bit long for me.