Comments on: I am a Property manager at this apartment going on foreclosure next December 2nd, what could happen? http://www.fn-live.com/i-am-a-property-manager-at-this-apartment-going-on-foreclosure-next-december-2nd-what-could-happen.html Loan and Financial Info Mon, 01 Feb 2010 15:06:52 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: glenn http://www.fn-live.com/i-am-a-property-manager-at-this-apartment-going-on-foreclosure-next-december-2nd-what-could-happen.html/comment-page-1#comment-2780 glenn Wed, 16 Dec 2009 15:58:18 +0000 http://www.fn-live.com/i-am-a-property-manager-at-this-apartment-going-on-foreclosure-next-december-2nd-what-could-happen.html#comment-2780 Normally the bank can legally cancel all leases and all employment contracts including property management. They can also cut off utilities. In the case of an apartment it is not in the banks best interest to do most of those things. They normally want good tenants to remain. They may have an agreement with a different company to do the property management though. Normally the bank can legally cancel all leases and all employment contracts including property management. They can also cut off utilities.

In the case of an apartment it is not in the banks best interest to do most of those things. They normally want good tenants to remain. They may have an agreement with a different company to do the property management though.

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