Landlord got foreclosed. What rights do tenants have

[Bill Turner]

A neighbor that rents the next door town home an just found out that her landlord just got foreclosed on. She received no notice. 2 people came an tried to drill her locks. She found out there are 2 mortgages and the second foreclosed. Now they are asking if she can move out tomorrow. What rights do they have? Any suggestions?

[Steve Babiak]

Under Obama, a federal law called Protecting Tenants At Foreclosure was passed, giving tenants certain rights. This protection has expired.  So hold out for a cash for keys offer for as long as possible; the bank will attempt an eviction.

http://www.nationalmortgagenews.com/news/distresse...