Posts tagged: Property Lease

What happens to the leasee when the landlord files foreclosure in NYS?

apartment foreclosure

I own a business and rent an apartment from the same landlord, same property. The lease is for 10 years on the business and another 6 months on the apartment. She is now filing foreclosure. Does the bank take over? Will I come home and find padlocks on my doors? Please only serious answers.

Sell and Rent Back