As a renter in a foreclosure property and a landlord who has abandoned the process where does that leave the renter?

Asked by tess vrabel, Pittsburgh, PA Thu Apr 4, 2013

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Robin Lorentz, Agent, Castle Shannon, PA
Thu Apr 4, 2013
The Bank who has taken possession of the property has to honor your lease that is in effect until the end of the lease date. They will hire an Assest Management company or Broker to manage the property and collect the rent until the said lease has reached its end date. They may contact you and also offer you what is typically called "cash for key's" to evacuate the property sooner, but you do as a renter with an enforceable lease have the right to stay into the property.
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