Friday, July 17, 2009

Protecting the Tenants in Foreclosure Act

This new federal law provides protection to tenants in foreclosed homes.
1) The lease can be terminated on 90 days notice if the unit is sold to a purchaser who will occupy the property.
2) The lease has fewer than 90 days remaining.
3) The tenancy is month-to-month or a tenancy at-will, in which case the new owners must provide the tenant with 90 days notice prior to eviction.
**CONTACT US FOR MORE INFORMATION Andrew 602-527-2639**