Buying Tenant-Occupied Foreclosure

[Robert Grunnah]

Hi BP - this will be the first time I'm purchasing a tenant-occupied FNMA foreclosure. 

Any tips out there as to how best to handle the tenant situation after closing?

My inclination would be to approach him personally in a friendly manner, and offer a token amount of money for him to move out within 30 days, along with another token amount if the property is left in good condition at his move-out. 

This is in New York State.

Thanks,

Robert