By Mitchell Sussman
as a result of the recent rash of foreclosures which number in the hundreds of thousands, residential tenants residing as leaseholders in residential real estate become collateral victims and are forced to vacate their leaseholds, often with minimal notice.
One of the most frequently asked questions posed to real estate lawyers today is "What are the rights of a tenant when the property they are occupying has been foreclosed by the bank?"
As a direct result of this ever growing problem, the Obama Administration in a bill...