Sunday, May 20, 2012 6:51 am
 

Tenants Living in Forclosed Properties

Posted on Jan 14, 2010

as forclosures claim more casualties tenents living in forclosed properties are no longer going to be victims. The Protecting Tenants at Forclosure Act requires the purchaser of a forclosure property most often a bank to give a tenant at least 90 days to vacate the property. a tenant with a written lease must be allowed to live in the property for the remaining lease term unless it is sold to a buyer that is using the home as their primary residence then the tenant must be given the 90 day notice to vacate. Thus giving the tenant enough time to find a new home.

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