You know, something I hadn't thought of... but if the property were original purchased and financed as an investment, wouldn't there be an Assignment of Rents rider? Which, as I understand it, the owner/landlord would be obligated to give the rent to the mortgage company? I'll have to revisit that paperwork - I'm sure I have some around here somewhere!

Has anyone ever seen that happen?
_________________________
Jennifer Allan, GRI
RE/MAX Hall of Fame
Author of Sell with Soul, Creating an Extraordinary Career in Real Estate without Losing Your Friends, Your Principles or Your Self-Respect