Title: Foreclosures for tenants - Tenants Legal Center
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Content: Foreclosures for tenants - Tenants Legal Center


Foreclosures
(and evictions)
Owners
TENANTS
EVICTIONS Do not be intimidated with the threat of an eviction. You do have rights and we can help. WHAT HAPPENS TO THE RENTAL AGREEMENT? Your rights as tenants in a foreclosed property vary depending on the situation. Your residential rental agreement/lease may be able to survive a foreclosure. There may be limited exceptions but these must be viewed on a case by case method. Commercial leases are handled on a different basis outside of these residential protection laws. WHAT TO DO ABOUT PAYING RENT
When a mortgage goes into default, the landlord may still have the right to claim rent all the way up to a trustee sale (losing the property) That right is subject to landlord tenant laws. When the trustee sale is imminent, it is important to seek legal advice on how to protect your rights before withholding rent. Many landlords take action to try and save the property and prevent the trustee sale.