In this article, you’ll learn:

• What happens if the bank forecloses on your landlord
• The stages of foreclosure and receivership
• What you, the tenant, need to know NOW to protect yourself
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Foreclosure is a storm that rattles property owners, but what happens to the tenants caught in its path? 
If you're a large corporate tenant, the building you're leasing going into foreclosure can have serious, long-lasting repercussions for your business. This scenario becomes even more complicated in jurisdictions like New York, where legal proceedings tend to drag on, often leaving tenants in a state of uncertainty for years.