what happens to equipment lease during the property foreclosure?Does leasing co losing rights?
No, a Foreclosure doesn't affect the rights of the leasing company although they may need a court order to "repo" the equipment from the premises.We work for Positive Ratings, please click on Great Service, Informative and Helpful, or one of the Smile Faces, as this would be appreciated. Please bear in mind I can’t control what the law is and whether it helps you, I can only tell you what it says, and I assume you want truthful information.PLEASE DO NOT use the rating system to ask for more information or in an attempt to tell the website that you didn’t like the substance of the answer as it gives a NEGATIVE rating if you answer either “Helped a Little” or “I Expected More”.
Began practicing law in 1992
I saw that you asked for me in another question, which is the correct procedure, however you classified it as a real estate question and I don't answer them in that category. I've asked for it to be moved and as soon as it is moved I'll pickup.In the meantime I'd ask that you ACCEPT this one so it will close out and we can work on the other one.
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