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foreclosures: The House I Rent Just Foreclosed....How Long Can I Stay? - 05/30/09 08:05 PM
The foreclosures are abundant in Orange County and the impact is felt by many - including tenants. With the sharp increase in investment purchases during the boom, many of the properties currently in foreclosure are tenant occupied.
What Happens When the Home You Are Renting Forecloses? Tenant rights have been addressed in recently weeks under the 'Helping Families Save Their Homes Act'. On May 20th, 2009, Obama signed the new law that extends the rights of a tenant to stay in the foreclosed property from 60 days to 90 days.
Recently I had a client ask whether this would apply only … (1 comments)
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foreclosures: Foreclosures Will Be on the Rise in Orange County - 04/20/09 07:17 PM
No crystal ball needed here - we are about to see a sharp increase in foreclosures in the coming months. The foreclosure report for the month of March was recently released by Foreclosure Radar.
During the final months of 2008, many lending institutions participated in a voluntary moratorium on foreclosures. Notice of Defaults (NOD's), the first step in the foreclosure process in California, plummeted. The final days on the moratoriums have just passed. Fannie Mae and Freddie Mac's were lifted as of March 31.
And if you've been paying attention to my 'Microscope on the Market' series, you've noticed the drop … (6 comments)
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