Andrea Stewart-Cousins's posts related to Foreclosure

Yonkers Insider: Senate Bill Guaranteeing Protections for Tenants of Foreclosed Buildings Signed into Law

Prior Law Allowed Tenants to be Forced from Homes without Notice

Senator Andrea Stewart-Cousins (35th District – D/WF) announced that a new law guaranteeing greater protections (S7139) for tenants of buildings in foreclosure has been signed into law. Under the new law, rent-regulated tenants are now required to receive a notice of their housing rights, along with a notice of the building owner’s foreclosure. The bill takes effect 30 days from the date of signing.

A review of the state’s prior notification requirement for renters revealed that existing law failed to effectively communicate to rent-controlled and rent-stabilized tenants that their housing rights are unaffected by a foreclosure proceeding.

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