This may qualify as more of a rant than a direct answer, but one that may help tenants make an informed decision should they find themselves in this situaiton.
Working with multi-family buildings thoughout the northside of Chicago, I have seen so many multi-units where the owner is short selling and still collecting rent. These people should be locked up, the owners that is.
They can't feign innocence. Owning a two flat, or 4 flat, or any investment property, in Chicago, or elsewhere, is a business decision. You know how much you need to come up with monthly. Landlords are pocketing 1 - 3 years worth of rent while neglecting their mortgage which in turn negatively affects the market for everybody.
The behavior is despicable. Sure, there are members of the banking community that need a good dose of lock-up as well. But these landlords,who have often times stopped taking care of their buildings, still collect rent, and then when somebody wants to buy their short sale, they refuse to do anything to accommodate the sale.