As of yet I have not heard of any protection for people who have been forced to leave their home or in the process of foreclosure in moved out of their home. I have clients that have been in foreclosure since 2006 and the bank still hasn't foreclosed on the property. This leaves the land owner responsible for property taxes and any utility bills associated with the property. This becomes even a worse problem if their multifamily dwellings and you have people that are living there especially if they are not paying rent. You may want to take some actions to protect yourself such as keeping the property in short or boarding up all the doors and windows so no one can get inside as you will be responsible for anything happen on that property while the property still in your name.
I have responded to your inquiry according to the laws of Massachusetts, where my firm is located. Laws can vary significantly from state to state and cases tend to be rather fact-specific, so you are best served by consulting with a knowledgeable attorney in weighing your options.
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Joseph F. Botelho, Esq. BOTELHO LAW GROUP Attorneys At Law http://fallriverbankruptcyattorney.com/ 901 Eastern Ave. Unit 2 Fall River, MA 02723 Office: 888-269-0688 FAX: 877-475-8147
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Answered on Aug 19th, 2014 at 8:45 AM