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The Premises I Am Currently Renting Are Subject to a Pending Foreclosure Action, Will I Be Forced to Move Because of This Foreclosure?

Question and Answer

The Premises I Am Currently Renting Are Subject to a Pending Foreclosure Action, Will I Be Forced to Move Because of This Foreclosure?

A tenant will NOT be forced to move because of foreclosure. A residential tenancy is not generally affected by a foreclosure. The fact that the building, in which a tenant is renting goes into foreclosure, does NOT in most instances, affect a bona fide residential tenant in good standing. The purchaser at the sheriff’s sale will take over the building subject to the tenant’s rights.