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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Re: new tenant law Posted by Conner Soules on June 02, 2009 at 5:25 PM In Reply to: Re: new tenant law posted by Brian from the IE on June 02, 2009 at 9:34 AM Ward brought this posting to my attention yesterday and I think it is significant to point out that his view of the matter is that the 90 day new Federal extensionsion of tenancy to those with valid tenancy at time of foreclosure is not a 30 day extension of the current California 60 day extension but a 90 day extension on top of the 60 day = 150 days. I have yet to see that echoed by others, but that is what I clearly heard yesterday. If that is so, the silence is deafening. Conner : What about utility bills, drivers license, and any other proof that a person actually lives at that address? : : I think the biggest issue is proof of tenancy and existence of lease. Tenant advocate websites are many in CA now. Their mission is to explain tenant rights. However, I can assure you that the requirements of what will appear to be a valid, written lease/agreement will be very easy for any tenant to provide. Any piece of paper that is signed and has reasonable rent will have to stand. The previous owner will be nowhere to be found and the REO lender or trustee's sale buyer will not have an easy way to prove the lease invalid. I say this is huge. Just like so many of us investors were able to learn about creative real estate ideas online, tenants are now empowered to take information regarding their rights and get "creative" as well. : : From my experience with tenants, I'd say we're in for an interesting ride. Follow Ups: Post a Followup: Name : E-Mail : Subject : Comments: : : Ward brought this posting to my attention yesterday and I think it is significant to point out that his view of the matter is that the 90 day new Federal extensionsion of tenancy to those with valid tenancy at time of foreclosure is not a 30 day extension of the current California 60 day extension but a 90 day extension on top of the 60 day = 150 days. I have yet to see that echoed by others, but that is what I clearly heard yesterday. If that is so, the silence is deafening. Conner : : : What about utility bills, drivers license, and any other proof that a person actually lives at that address? : : : I think the biggest issue is proof of tenancy and existence of lease. Tenant advocate websites are many in CA now. Their mission is to explain tenant rights. However, I can assure you that the requirements of what will appear to be a valid, written lease/agreement will be very easy for any tenant to provide. Any piece of paper that is signed and has reasonable rent will have to stand. The previous owner will be nowhere to be found and the REO lender or trustee's sale buyer will not have an easy way to prove the lease invalid. I say this is huge. Just like so many of us investors were able to learn about creative real estate ideas online, tenants are now empowered to take information regarding their rights and get "creative" as well. : : : From my experience with tenants, I'd say we're in for an interesting ride. [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

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