[quote=scaredycat]well, what about just a good deal. the bargain basement end of fmv.
what about if it’s just the bank taking it back; would they be stuck wiht the lease?[/quote]
Yes if close enough to FMV (with appropriate rent increases if a long term lease to show it is meant to be a FMV lease), but they can also show and sell the home while you are leasing and then when sold you get 90 days to leave. So it isn’t like the tenant can just hold on forever. Also all this has to be done before the NOD is filed and be an arms length transaction. Lots of hoops to jump through for little reward.
