Foreclosure Protection for Tenants In Evictions Is Limited to Properties With Federally Related Mortgages

摘要

New federal legislation protecting tenants in foreclosed properties from eviction does not apply unless the mortgage on the property is federally related, ruled the New York District Court, Suffolk County, Third District, finding that the law should not be interpreted literally to cover all housing. (Collado v. Boklari, No. HULT 387-09, 2009 WL 3734317 (N.Y.Dist. Ct.), November 9, 2009)rnPlaintiff Juan Collado purchased property at a foreclosure sale, and under New York law, he served a 10-day notice to quit on tenants living on the property.