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New Legislation Protecting Tenants of Foreclosed Properties

Wednesday, July 8th, 2009

On May 20, 2009, President Obama signed into law The Protecting Tenants in Foreclosure Act. Public Law No.111-22. The law took effect immediately.
The principal protection of the law is that the successor in interest to the foreclosing lender must give a bona fide tenant (not the mortgagee or a family member who is paying [...]

by Michael Baumer