Don’t panic if you’re served with a summons and complaint as a tenant in a building that’s being foreclosed upon.
It’s common practice for a lender to name the tenants in a building in the foreclosure action against the property, and it typically doesn’t reflect any intent on the part of the lender to evict or otherwise bother residents.
New York law requires that lenders notify tenants in buildings as the foreclosure action begins, and by naming you in the complaint and having you served, lenders have a verifiable process demonstrating that they have met their notification obligation.
While you are not obligated to appear, the attorneys at Zelenitz, Shapiro & D’Agostino can ensure that the foreclosure process for your property is normal and that you have no liability.
Call us today at 718-599-1111 for a free consultation with a lawyer who understands foreclosure and tenant rights.