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Real Estate & Property Law

: The Home Equity Theft Reporter

Foreclosure Rescue Operators Using New Tenant Protection Law, Bogus Sale Leaseback Arrangements To Gum Up Foreclosure Process???

By r morris

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The Florida Asset Protection Blog reports:To better protect tenants victimized by foreclosures against their landlords Congress passed a law which required the non-occupant purchasers at foreclosure sales (such as banks) to honor existing leases on the foreclosed property provided that the lease was bona fide and the tenants were not in default.(1) Some "foreclosure defense" companies are using

Full post as published by The Home Equity Theft Reporter on August 12, 2009 (boomark / email).

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