Chapter 18: Tenants and Foreclosure
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This chapter in the Legal Tactics: Private Housing e-book explains your legal rights as a tenant when your building is foreclosed.
Foreclosure is when a bank or other lender takes back property because the owner did not repay the loan. The bank usually holds an auction, and the highest bidder becomes the new owner.
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For a summary of this chapter, see our overview article and 2-page handout.