Tenants in Deed in Lieu: Protected by the Protecting Tenants at Foreclosure Act?
Does the Protecting Tenants at Foreclosure Act apply if I give the bank a deed in lieu of foreclosure?
I know if my rental property is foreclosed upon, the tenants must be given a minimum of 90 days notice to move, but if the new owner will not be moving into the property (such as a bank) the tenants have the right to remain until the end of their lease.
Has it been established whether my tenants have the same rights if the bank accepts a deed in lieu of foreclosure from me?
I know if my rental property is foreclosed upon, the tenants must be given a minimum of 90 days notice to move, but if the new owner will not be moving into the property (such as a bank) the tenants have the right to remain until the end of their lease.
Has it been established whether my tenants have the same rights if the bank accepts a deed in lieu of foreclosure from me?