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07/19/09
Act protects renters amid foreclosures
Filed under: General, Real Estate
Posted by: Lillian Wong @ 8:21 pm

Renters living in foreclosed homes have been thrown a lifeline.

In the past, a few days after a foreclosed home was sold in a trustee sale, renters heard a knock on the door. They had to go. Never mind the fact that they still had plenty of time left on their lease. That contract was wiped out by the foreclosure. The bank which likely took over the home wasn’t interested in being a landlord.   more…



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