PURE Property Management will not manage rental properties in foreclosure. As soon as we are aware the property is in foreclosure, we will freeze all owner related funds to the property and will not make any further disbursements to you. You will have 30 days to correct and make all obligations current. Should you fail to stop the foreclosure process, PURE will release the residents from their rental agreement and all future rental payments. Additionally we will refund the security deposit to the resident and deduct from any owner funds on hand all amounts due to the company, vendors or the resident including but not limited to any refund to the resident of prorated rents or expenses and all management fees and other fees as described in the management agreement.