Regarding rent control, what are the ramifications w...


#1

Regarding rent control, what are the ramifications when I am planning to buy an investment property through an auction?


#2

Great question. I would expect that unless their lease predates the loan the tenant can be evicted if you want to move in as the foreclosure should wipe out any junior encumbrances on the property included leases. But please don’t take my word for it. Check with an attorney familiar with your local rent control laws.