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    acmis001's Avatar
    acmis001 Posts: 4, Reputation: 1
    New Member
    		  
    #1

    Jan 3, 2007, 01:08 PM
    Rights as a leasor
    I have a 5 year lease for a bar and grill. I've been misled several times by the leasee. Is there any way I can find out if she is going into foreclosure.
    Cvillecpm's Avatar
    Cvillecpm Posts: 553, Reputation: 28
    Senior Member
    		  
    #2

    Jan 4, 2007, 07:58 AM
    If you are the TENANT, you are the LESSEE. If you are the LANDLORD, you are the LESSOR.

    You can check local recorders office for foreclosure actions.
    ScottGem's Avatar
    ScottGem Posts: 64,966, Reputation: 6056
    Computer Expert and Renaissance Man
    		  
    #3

    Jan 4, 2007, 08:00 AM
    If you can find out who holds the mortgage they might tell you. You might also try checking her credit report.
    Fr_Chuck's Avatar
    Fr_Chuck Posts: 81,301, Reputation: 7692
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    #4

    Jan 4, 2007, 09:05 AM
    In general actual foreclosures will be public record, filed in the court house,

    If they are merely late, and the lender is thinking about it, I doubt you can find anything out unless the lender would tell you, which is doubtful.

    If you know who the lender is, and it is going into foreclosure, you may be able to work out a deal to buy the property
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