Lease Option Foreclosure

[Aaron Mund]

This is more of curious question, not a real issue for me.

What would you do if you were utilizing a sandwich lease option on a house and the primary owner went into foreclosure? Or if you are the renter and have the option to buy. Are there amendments that should be put into the contract?

I ask this because I talk with renters all the time who are in properties that are in foreclosure I don’t see a far stretch before a I find a lease option and want to be prepared.