Real estate investors need to be aware of tenant laws in their states.  For example, in Nevada, most foreclosures are by a “summary proceeding” – meaning that termination of tenancy by foreclosure occurs when the landlord is unable to pay his mortgage, or a third party forecloses on a lien or judgement.  According to NVAR General Counsel, Sue Saunders, Nevada Revised Statutes provides a process for evicting tenants when the property ahs been sold or title has been transfered.  And many tenants and real estate brokers are finding that the landlords are not following the basic laws.  Tenants are entitled to a 3 day written notice to quit; this means that they must vacate the property, and many do not understand how the foreclosure process affects them.  There are some exceptions based on when the lease was initiated and when the loan was made on the property.  If you are a tenant, or if you are a real estate agent representing a tenant, the tenant is well advised to seek legal cousel to detemine what rights and remedies they have.  There have been many cases of tenants being given just hours notice to vacate a property, and often unable to get security deposit refunds.  This has been a big problem in cities like Las Vegas, where foreclosures have been widespread.  But property owners who are not facing foreclosure have benefited by being able to place tenants into their properties without concern.  Hiring a professional management company is the best way for an investor to secure tenants and the best way for prospective tenants to find and negotiate a lease on a home.