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Real Estate & Property Law

: The Home Equity Theft Reporter

Lenders Now Liable For Refunding Chicago Renters' Security Deposits On Tenant-Occupied Foreclosures

By r morris

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In Chicago, Illinois, Chicago Breaking News Center reports:Thousands of apartment dwellers who stand to lose security deposits because of building foreclosures would get their money back under an ordinance the City Council approved [earlier this month].Aldermen voted 47-0 to approve Mayor Richard Daley's proposal to require all lien holders -- typically banks -- in foreclosure cases to pay back

Full post as published by The Home Equity Theft Reporter on May 22, 2010 (boomark / email).

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