I live in San Pedro, CA in a three unit apartment and it is being foreclosed on. Can the bank evict me?According to the city of Los Angeles my complex is under rent control and there are only 12 reasons that I can be evicted and selling the property or foreclosure isn't one of them. Should I still be worried about eviction? I've lived here 12 years as well. | |
They have to keep renting to you. They usually just hire the same manager.
PROTECTING TENANTS AT FORECLOSURE ACT OF 2009
On May 20, 2009, President Barak Obama signed into law, the Helping Families
Save Their Homes Act of 2009. A portion of the law, the Protecting Tenants At
Foreclosure Act of 2009, establishes protections for tenants living in foreclosed
rental properties. Under the law tenants will have to receive 90-days notice prior to
being evicted, when their rental home is foreclosed upon. In addition, tenants must
be allowed to stay in the property through the end of their lease,
with two exceptions:
1. The new owner wants to occupy the property as a personal residence, and
2. There is no lease (month to month), or there is a lease but state law allows the
lease to be terminated at any time upon notice.
I would look @ the HUD website - they will probably have good info for your situation
