Archive | March 5, 2010

Don’t Allow Lenders to Ignore the Protecting Tenants at Foreclosure Act in the Neighborhood Stabilization Program

Background Since May 2009 the Protecting Tenants at Foreclosure Act (PTAF) has required purchasers of foreclosed properties (usually the lender) to assume the leases of tenants residing in the property.  Tenants without leases must be given at least 90 days notice to vacate. This law was passed to address the plight of renters who were [...]

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