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Tax, SDIRAs & Cost Segregation

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Cheryl C.
  • Investor
  • Reston, VA
190
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683
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Reo with tenant who paid rent in advance

Cheryl C.
  • Investor
  • Reston, VA
Posted Jul 14 2011, 12:34

I know (or believe) that there are laws in place to protect a tenant's lease in the event of foreclosure. I looked at a property today that is being auctioned online. The tenant told me that she paid her landlord 6 months in advance per LL's requirement and her lease.

What happens if I buy this property? Does she have to pay me rent? Is she protected by the prepay?

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