In fact, most tenants are likely to go towards the mortgage loans their landlords have for the rental property. Unfortunately, landlords sometimes see their rented property in foreclosure although federal and state laws dictate that tenants generally cannot be evicted before the lease expires. However, new owners of foreclosed leased properties may want tenants to leave early. In this case, tenants may benefit from a cash-for-the-keys offer. So, what should you know about the process? How to avail of it? And what pitfalls should you be aware of?
