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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Re: Wroonnnng! Posted by Paul Herold on August 24, 2010 at 8:48 PM In Reply to: Wroonnnng! posted by goober on August 20, 2010 at 4:49 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. I Beleive in order for the lease to survive the foreclosure it must have been entered into before the NOD was filed. They can always predate the fake lease agreement if they are aware of this. But you can look on the sce meter tag and take a picture of the date power was turned in in there name. Follow Ups: 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. : I Beleive in order for the lease to survive the foreclosure it must have been entered into before the NOD was filed. They can always predate the fake lease agreement if they are aware of this. But you can look on the sce meter tag and take a picture of the date power was turned in in there name. [ 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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