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TenantNet Forum Archives 1996-2002
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1 year lease, can bank foreclosure kick us out?

Posted by Laura on October 17, 1996 at 14:07:58:

briefly, we have a one year lease until August 1997 and yesterday my the
apt owner called and said we had to move out in less than 30 days as the
bank has foreclosed on her...then the "new buyers" come by and say we can
continue the lease with them until May....what do I do? Can I be evicted
by the bank since the "new owners" have to get a mortgage and a co-op board
approval - should i pay the "new owners" or what? I haven't received any
written notices but just want to stay where I am until at least May
when I graduate from school...who do I pay? And CAN THE BANK EVICT ME when
the owner signed a lease into next year?

Mail me - Thanks for advice

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