Many homeowners, during a short sale, decide to rent their property to make extra money before giving their house away. This type of rental agreements are very common between tenants and landlords but not so much by the general public. So what to do in these cases?
Tenants facing eviction can generally continue to live in the rental property a bit longer and avoid the process when filing for bankruptcy. The automatic stay becomes effective instantly upon filing and prevents the landlord from continuing their collection process or contacting the tenant. However, there are some exceptions to evict a tenant still.
If you have purchased a property at a foreclosure sale and wanted the tenant to vacate, there are a few things that you need to do.