Summary: This week, the Virginia REALTORS®’s legal team examines foreclosures from a property management perspective. Hopefully it will not be a situation in which you find yourself, but in this episode Erin and Laura provide you with a practical guide to managing properties in a foreclosure situation. They review important office policies and answer a few legal hotline questions, such as “My tenant provided me with notice that the house he is renting is being foreclosed upon. Do I need to evict the tenant?” Finally, Erin and Laura discuss some ways to help limit your risk when faced with managing a property that is under foreclosure.
