Renters in Foreclosed Properties No Longer Lose Their Leases
Before President Obama signed the "Protecting Tenants at Foreclosure Act of 2009," most renters lost their leases upon foreclosure. But this legislation provided that leases would survive a foreclosure. The tenant could stay at least until the end of the lease, and month-to-month tenants would be entitled to 90 days' notice before having to move out (this notice period is longer than any state's non-foreclosure notice period, a real boon to tenants).
I have a month-to-month lease!! If I calculated correctly and this information is legit...I will have until July 8th to stay where we're at!! Yay!!
Of course, I will keep my eyes open and continue to work towards a stable, amazing environment for this family.
*exhale* Yay! So grateful!! xoxo
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