I've Foreclosed on a Property, Some Tenants Live There Already, But I Think I Can Do Better...
Posted April 29, 2011 by in Articles & Publications, Real Estate PublicationsLet's say you've purchased a Maryland residential property (defined as having four or fewer dwelling units) at foreclosure, and you want to either move in or rent it as investment property. However, tenants living in it at the time of foreclosure still reside there, under a lease having an unexpired term at what you consider a below-market rent. What, if anything, can you do?