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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Wroonnnng! Posted by goober on August 20, 2010 at 4:49 PM In Reply to: Disagree.... posted by Denis Hebert on August 20, 2010 at 4:10 PM See this article which has been posted here before.... http://www.tenantstogether.org/article.php?id=723 It says this.... In addition, California law provides that leases are extinguished by foreclosure, with limited exceptions. Many tenants enter into one year leases, only to find a few weeks or months later that the property is heading for foreclosure and that their leases will be extinguished. The new federal law provides that the lease survives the foreclosure, except that the lease can be prematurely terminated and the tenant given 90-day notice where a purchaser seeks to occupy the premises. So, the Obama rules say a tenant's lease "survives" a foreclosure now. Sorry. Follow Ups: Re: Wroonnnng! Paul Herold 8:48 PM, 08/24/10 (0) My Calif. attorney agrees, lease lives bukzin 11:33 PM, 08/20/10 (0) My Calif. attorney agrees, lease lives bukzin 5:36 PM, 08/20/10 (4) Re: My Calif. attorney agrees, lease lives Charles 6:09 PM, 08/20/10 (3) Re: My Calif. attorney agrees, lease lives Denis 7:35 PM, 08/20/10 (2) Re: My Calif. attorney agrees, lease lives Denis 7:37 PM, 08/20/10 (1) Fnma Charles 10:37 AM, 08/21/10 (0) Post a Followup: Name : E-Mail : Subject : Comments: : See this article which has been posted here before.... : http://www.tenantstogether.org/article.php?id=723 : It says this.... : In addition, California law provides that leases are extinguished by foreclosure, with limited exceptions. Many tenants enter into one year leases, only to find a few weeks or months later that the property is heading for foreclosure and that their leases will be extinguished. The new federal law provides that the lease survives the foreclosure, except that the lease can be prematurely terminated and the tenant given 90-day notice where a purchaser seeks to occupy the premises. : So, the Obama rules say a tenant's lease "survives" a foreclosure now. Sorry. [ 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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