Tenants Have New Rights After Foreclosure

The new Just Cause Eviction Law says:

  • If you are a bona fide tenant you can stay in your building while the bank owns it, unless the bank has just cause to evict you;
  • The bank can evict you only if you violate standard tenancy rules, or if the bank has a signed contract to sell the property to another buyer;
  • The bank cannot pressure you into leaving or do anything else to force you out;
  • The bank must notify you that you  have the right to a court hearing before eviction;
  • The bank must post and send you a notice telling you how to contact the bank and the person in charge of repairs and management of  your building.
Who is a “bona fide” tenant?
  • If you moved in before the foreclosure, and
  • If your landlord before foreclosure was not your husband, wife, child or parent,
you are probably a bona fide tenant and the Just Cause Eviction Law protects you – even if you do not have a lease.
This is only a summary of tenants’ rights after foreclosure under the Just Cause Eviction Law and other laws.  For complete information call Springfield NHS at (413) 739-4737.

Speak Your Mind

*