TENANT RIGHTS IN FORECLOSURE CASES

When the plaintiff starts a foreclosure case against the owner of your home, the law says that the plaintiff must tell the tenants within 10 days. You may find out about the case by seeing a notice posted on the door to your building or the plaintiff may give you a copy of the foreclosure Summons and Complaint. Do not worry if your name is on the papers. This does not mean that you have to move out. Many things can happen:

  • The owner may settle the case and keep the property
  • The bank may not be able to prove its case
  • The case may take a very long time, often even a year, and you may move before it is over
  • The new owner may want to keep you as a tenant
  • You may have the right to stay anyway
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