Tenants in foreclosures unsure of options

Thousands have lost deposits, paid rent to landlords who no longer own the house and agreed to move on short notice.  Tenants are protected by a 2009 federal law that allows them to stay in their units for 90 days after a foreclosure notice is posted, but they have other rights as well:

• Renters can insist on staying in their units until the end of their leases, except when the new owner of a single-family home wants to move in.

• They can require banks and their agents to put all communication in writing.

• They are not required to take cash incentives to move out before the law requires.

• Harassment, such as changing locks without a court order, entering the home without permission or shutting off utilities, is illegal.    Read more.

 

 

 

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