Tenants' futures uncertain after bankrupt complex is auctioned

Tenants of a co-op apartment complex in Middle Island could lose their homes after the owner declared bankruptcy. After the Tudor Oaks co-op went bankrupt, the property was put up for auction. As of

News 12 Staff

Nov 25, 2014, 3:07 AM

Updated 3,473 days ago

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Tenants' futures uncertain after bankrupt complex is auctioned
Tenants of a co-op apartment complex in Middle Island could lose their homes after the owner declared bankruptcy.
After the Tudor Oaks co-op went bankrupt, the property was put up for auction. As of Nov. 17, a company called Fairfield became the new owner of the property, and all tenancy was extinguished in federal bankruptcy court. People who had shares in the previous co-op were told their shares were liquidated, and people who were renting were told their leases are now null and void.
Fairfield says it will not evict any tenants during the holidays, but residents are wondering where they will live in a few weeks' time. Some say they are losing everything to the situation.
Jimmy Gianattasio bought his co-op unit in 2005. "I lost my home, over $100,000 that I worked 45 years for," he said.
Desira Mack signed a yearlong lease at the complex over the summer, and moved in with her fiance and her three young children. Social services pays her rent at Tudor Oaks. She recently received a letter from Suffolk County saying she must move by Friday or face eviction.
Steve LoSquadro, an attorney for Fairfield, says "there is an absolute certainty and a commitment" that people will not face evictions during the holidays. He says all tenants should apply for a new lease with Fairfield.
However, there are no guarantees that Fairfield will give current tenants a new lease.
News 12 contacted Suffolk County to find out whether the Department of Social Services has been in contact with Fairfield to discuss future payments, for cases like Mack's. The calls went unreturned.
Mack says she's worried about her family. "I have nowhere to go other than a shelter, and I don't want to go to a shelter with my kids."


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