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tenants lease

Posted by Art on June 15, 2003 at 11:28 AM

Hi Ward:
I just was high bidder on a trustee property where the defaulting trustor entered into a lease to a tenant just four months before the trustee sale date. Is the lease to the tenant valid since the trustor knew that they wouldn't own the property when the lease was entered into. Is the lease valid?
Tenant would like to purchase the property but their opinion of value is diferent than mine. Thanks for your reply.
Art


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