Re: foreclosure tenants - Landlord Forum thread 202414

Re: foreclosure tenants by Anonymous on June 1, 2010 @19:56

The OP was notified of the foreclosure AFTER the lease was signed.

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Re: foreclosure tenants by Anonymous on June 1, 2010 @22:33	[ Reply ]

they knew it was coming, they got calls every day. It is pretty black and white. Why do you think they modified the law to preserve tenants rights in these situations? Because too many LL's were taking advantage of the bankruptcy. One cannot benefit from the fruits of this type of transaction under the new law and the tenants are not going anywhere--they are protected by federal law for the statutory period. When you sue them, the court is going to ask where the rent money is going and may notice the mortgage company as a party in interest. BAD IDEA to sue them.