Most commercial and investment properties have an "assignment of rents" provision in the Deed of Trusts. It would be at the discretion of the lender whether or not they elect to enforce the assignment. So either read your deed of trust and note to see what it says, or ask your attorney.
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The moment it goes to foreclosure ownership transfers and therefore the right to the income transfers. I do know,however, that in Virginia a lease supercedes a sale but not a foreclosure. Therefore, before recent federal legislation technically when a residential property was foreclosed, the tenant no longer had rights to the property and the owner no longer had rights to the rent. If an owner accepted rent, he was creating a lease. By not accepting rent he could exercise his rights to possession of the property and easily have the tenants removed. Recent federal legislation trumps the state law and now there are laws to protect the tenants in those cases. But this is all residential. Commercial could be different, especially considering the federal laws were specifically for residential properties. So if state law does not differentiate, then it could be true that there is simply no lease in place from a legal standpoint and a new one needs to be negotiated. In the meantime, the owner has legal right to posession and the tenant has no obligation to pay rent. If the owner accepts the rent, a lease is likely being created by this act.
Did I help or confuse you more? Sorry.
This is a Legal question you better consult with a Lawyer, but if the foreclosure process is no final the income from that commercial property belong to the legal owner until the final decree of Foreclosure, This can have some legal consequences that why is better to consult with an Attorney, if the property is already foreclosed the income most like is going to be use to pay the delinquent amount of the mortgage.
I am a residential specialist in Real Estate but I think that it is fair to assume that the lien holder (The bank or creditors) have the right to collect the income.