Quote:
Originally Posted by jyl
I'd want to figure out if the lease or the mortgage has priority, though - if owner lets house go into foreclosure, can the bank break your lease?
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Depends on the state, but as far as I know, the lender gets the house and the tenant gets the shaft (lease is broken). If the housing market went to meltdown, we might see tenants asking for the landlord's credit report. Oh, the irony.
