The agent representing you as the buyer will be able to help you with all of this information.
Unfortunately, this is starting to become a common theme. With Short Sales taking so long to close, and Sellers hurting for money. The owners technically still own the property and have the right to rent out the property, if the choose. And, as long as they disclose to the tenants the current situation.
Yes still have the right to inspect the property, and even check up on it. The only difference now is the tenant has the right to be given a 24 hour notice before you can see the property.
I'm currently going through the same situation with one of my buyers.
Barrett & Co., Inc.
2885 S. Jones Blvd
Las Vegas, NV 89146