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Jack,
We protected our interest at a Master Commissioner Sale this morning and will be getting the property deeded in the bank’s name in a few days. At the present time we believe that there is a renter in the property. I know that we must give them 90 days notice after the property is in our name before any evection can take place assuming there is no lease. Is there a specific method required to notify the renter that they have 90 days? Does the notice have to be delivered by certified mail or could we leave a copy of the notice on the front door or maybe both. Also, would we be in our right in the letter to notify the renter that all rents would come directly to us once the property is in our name until they move out and are we bound by what the renter says he is paying for rent if there is no rental agreement. I assume that once the property is in our name we would be entitled to all rental income. Please let me know your thoughts.
Thanks,
Glenn
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