MSNBC had a news story from the AP today about a new law being signed by President Obama. The law allows tenants to stay in a home for up to 90 days after a foreclosure auction. They are also entitled to stay in the home for free. Read the whole article here.
There are some missing facts in this article. Is it an Executive Order? What is the name of the law? Was there a vote in congress? Does this only apply to Fannie and Freddie loans? I am unsure on these questions but will update everyone with any new facts I can find.
Travis J. Bohling
Brewer Caldwell Property Management
480-212-7041 (Direct Line)
480-212-7042 (Fax)
Travisb@brewercaldwell.com
Tags: Bailout, bank owned homes, brewer caldwell, foreclosure, landlord, Obama, phoenix real estate, property management, real estate investing, REO, tenant
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