Best Answer by Vegas Agent

They will know. You said you depend on the renter to cover the mortgage and it sounds like you still have renters in it - unless I'm misunderstanding something you're getting money that should be covering the mortgage...unless they're not paying their rent. Like it's been said in some of the other answers...notices get mailed to the property and when it finally gets to the point of the foreclosure, the bank will physically send an agent out to let the tenants know they have to leave. Why don't you trying selling it as a short-sale first before you let it go into foreclosure. It's the lesser of the two evils - even though it's still not the greatest. ... See all 4 answers