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Re: Foreclosure vs. eviction

Posted by TenantNet on November 26, 1998 at 04:02:00:

In Reply to: Foreclosure vs. eviction posted by Shawneen on November 21, 1998 at 15:19:28:

: Does anyone know what the rules are regarding the following situation? My landlord is being forclosed on. I was served papers at the house because my name is on the lease. In a clause in the papers, it states that the bank will set up an account to deposit rent into. No account has been set up, but the landlord is trying now to evict. Do I have to pay the landlord? How can I protect myself?

Foreclosures can be very tricky. Get a consultation with a good tenant lawyer NOW. Be careful who you pay your rent to. Either the bank or the (former) landlord may not have the right to collect the rent and you could be sued by the other party for the rent even though you paid it to the first party. You should get a Notice of Attornment which gets into this issue as to who is the leagal landlord.

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