A New Law Protecting Tenants from Landlords going into Foreclosure.
A new law passed by Congress and signed yesterday by the President provides protections for tenants whose landlords fall into foreclosure. Under the Helping Families Save Their Homes Act, tenants have the right to stay in their homes after foreclosure for 90 days or through the term of their lease. The bill also provides similar protections to housing voucher holders. The protections go into effect immediately and expire at the end of 2012.
Let me know if I can be of any help with your Real Estate Needs.