The foreclosure crisis affects almost as many renters as homeowners. When landlords default on their mortgages, innocent tenants often end up evicted. Research by the National Low Income Housing Coalition shows that 40% of households facing eviction are renters.
I live in Florida and am renting a home where I have a lease agreement that expires in six months. I was just notified that this property is going to be foreclosed. How long will the foreclosure process take, and will I be forced to vacate the property before my lease agreement ends? Do renters have any rights in this situation?
I’ve been leasing a condo in Florida for years and I just found out that the owner defaulted on his mortgage. Do I have any rights? How long can I say in the condo? Can the bank just lock me out of my home?
I’m looking to buy a house in upstate NY that is in foreclosure. It is a two-family home and there are currently tenants in both halves. I would like to get rid of the tenant who is paying less and live in that unit myself. Can I do this? What is the tenant foreclosure law in New York?
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