Own cell tower lease and property is in foreclosure

by Joan
(California)

We have a cell tower lease but the physical property is in foreclosure.

Will we lose the lease once it forecloses or do we retain the rights to the lease only?

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Feb 12, 2015
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Mortgage on a commercial struture?
by: Anonymous

What type of a mortgage do you have? Is the cell tower a rooftop that's attached to your house? If so, yes. However, if it is a residential mortgage and the cell tower is a separate struture, then it's illegal to put a residential mortgage on a commercial structure.

Editor's note: Anonymous... the last sentence of your comment looked like it was cut off so we edited it out. If you wish to respond again if full to this question we can re-post and then delete this entry. Thank you for your contribution.

Aug 08, 2011
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Please call us to help save your property...
by: Sean (Tower Genius)

Joan, it depends on how your mortgage was written. Please call us.... there might be a way to save the property.

Tower Genius 888-313-9750

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