Legal Question in Real Estate Law in Pennsylvania

I was foreclosed on, and had a tenant that is still currently on the property. The property was sold at sheriff sale. The tenant owns his own double wide modular, and was only paying lot rent. The new owner wants an extreme amount of money as rent now and the tenant has asked me to give him a 99 year lease. Is this setting me up for financial retribution or legal issues if I were to do something like this?


Asked on 5/08/13, 5:44 am

1 Answer from Attorneys
Miriam Jacobson Retired from practice of law

If your ownership of the property was foreclosed on, you no longer own it and therefore you do not have the authority to give anyone any rights in the property, including a lease of any kind.

THIS RESPONSE IS NOT LEGAL ADVICE, SINCE I DO NOT HAVE ALL OF THE INFORMATION THAT WOULD BE REQUIRED, AND I DO NOT HAVE A REPRESENTATION AGREEMENT WITH YOU.

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Answered on 5/08/13, 8:30 am


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