Federal National Mortgage Ass'n v. Nunez, 460 Mass. 511 (2011)

Citation: Federal National Mortgage Ass'n v. Nunez, 460 Mass. 511 (2011)
Parent Document: Federal National Mortgage Ass'n v. Nunez, 460 Mass. 511 (2011)
Jurisdiction: Massachusetts (state)
Effective Date: 2011-09-06
Original Source: https://www.courtlistener.com/opinion/6580334/federal-national-mortgage-assn-v-nunez/ ↗

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For a buyer who wishes to continue to rent the property, c. 186A may enhance the value of the property because it bars a foreclosing owner from evicting only where a tenant pays rent; does not commit a nuisance, use the property for illegal purposes, or materially violate the obligations of the tenancy; permits reasonable access to the unit for repairs or improvements; and does not refuse to renew or extend a lease. See G. L. c. 186A, §§ 1-2. Such a buyer may be eager to continue to rent to such a good tenant after purchase of the property and may not wish the tenant evicted before the sale. See Big Money Gets Into Landlord Game, Wall St. J., August 4, 2011 (reporting increasing interest of large investors in purchase of foreclosed homes for use as rental properties, with plans to sell when housing prices rise). Moreover, the Federal government is reportedly contemplating ways to increase the rental of properties owned by Fannie Mae, because rental units generate more income than housing sales in a weak housing market. See Government Considers Ways to Rent Foreclosed Homes, Wall St. J., July 22, 2011.

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