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#1634500 - 12/02/11 01:20 AM Protecting Tenants in Foreclosure
bankerdiva2 Offline
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Joined: May 2011
Posts: 110
Would anyone be willing to share if they have a policy for this? If not a separate policy, in which policy do you refence it and what does it state. Thanks for any help!

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#1634682 - 12/02/11 04:01 PM Re: Protecting Tenants in Foreclosure bankerdiva2
MyScamper Offline
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Joined: May 2006
Posts: 452
Between here and there
We do have a policy. At our last FDIC exam they were looking for one. Ours covers the effect of foreclosure on a pre-existing tenancy, defines bona-fide lease or tenancy, effect of foreclosure on Section 8 tenancies, and procedures for tenancy before the foreclosure and post-sheriff's sale.

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#1634686 - 12/02/11 04:02 PM Re: Protecting Tenants in Foreclosure MyScamper
MyScamper Offline
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Joined: May 2006
Posts: 452
Between here and there
Actually I meant fprocedure during the foreclosure and post-sheriff's sale.

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#1634805 - 12/02/11 05:49 PM Re: Protecting Tenants in Foreclosure MyScamper
bankerdiva2 Offline
100 Club
Joined: May 2011
Posts: 110
MyScamper where did you obtain your policy?

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#1635191 - 12/05/11 02:53 PM Re: Protecting Tenants in Foreclosure bankerdiva2
MyScamper Offline
Gold Star
Joined: May 2006
Posts: 452
Between here and there
I wrote it myself, based on the regulation.

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