Renter Occupied Winning Bid Options

What happens if I bid on a house and win, to find out that he house is currently rented and there is 6 months left on the lease? Is the contract voided, can I evict? What are the specific rules and laws? Thanks.

Comments(4)

  • bargain7629th January, 2007

    Where are you bidding? A courthouse sale, or??
    [addsig]

  • RisingSunCorp29th January, 2007

    courthouse, but if there is a difference, please let me know

  • swgprop30th January, 2007

    Holy crap B76 what a sweet system that is in your jurisdiction (for investors, not so much for the tenant .....) If I can just get Arnold to approve that in Kali-For-Nya

  • edmeyer30th January, 2007

    It has been awhile since I have looked into this, but my recollection is that it varies from state to state. I believe that in some states the lease survives the foreclosure and follows the property to the successful bidder.

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