Wednesday, March 25, 2015

INTERESTING REFERENCES TO LANDLORD/TENANT PRACTICES IN FORECLOSURES

Today's Newsday series on Zombie Homes raises some interesting references to landlord/tenant practices in NY. According to Newsday:

1. The holdover procedure (squatters after 30 days are deemed tenants) can be time consuming - months for a judgment of eviction and then months for sheriff to execute warrant.

2. Some banks offer "cash for keys" - to pay tenant/squatter/former homeowner, as the case may be, a fee to vacate by certain date.

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