Thinking about purchasing a foreclosed home/building with a tenant in it?
Well, guess what? As of August 07, 2010 they are considered to be tenants at will and protected by the government! Check it out:
"Section 13A. Upon a foreclosure of residential real property pursuant to chapter 244, a tenant, occupying a dwelling unit under an unexpired term for years or a lease for a definite term in effect at the time of the foreclosure by sale, shall be deemed a tenant at will. Foreclosure shall not affect the tenancy agreement of a tenant whose rental payment is subsidized under state or federal law."
Knowledge is Power!
Read all about Massachusetts Law About Tenants in Foreclosed Buildings