Re: Obama's New Tenant Law....(sigh)

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Posted by Dave T on October 31, 2009 at 19:29:45:

In Reply to: Obama's New Tenant Law....(sigh) posted by acw on October 30, 2009 at 18:45:12:

The way I interpret the article, the tenants in a foreclosure property only get a 90 day reprieve before they can be evicted. Even if a current lease won't expire for several months, the new buyer only has to honor the lease for 90 days, unless state law stipulates longer.

I wonder what the new law has to say about the tenants' security deposits. Is the foreclosure buyer liable for the current tenants' security deposits?

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