ginny reed keller williams realty fayetteville nc: 25% of Servicemembers are Homeowners?
- 11/08/11 09:41 AM
25% of servicemembers are homeowners, therefore, foreclosure of rented homes can potentially affect most of the military. Protecting Tenants at Foreclosure Act of 2009, ensures that military renters aren't forced out of their homes if foreclosure occurs (and a new landlord takes over). This legislation gives renters the right to stay in their rental throughout their lease unless the new owner is moving into the home or if the renter is renting under a month-to-month lease. This law also gives renters at least 90 days before they can be evicted. Before the law went into effect, only individual state protection was available (or none at all). There … (3 comments)
25% of servicemembers are homeowners, therefore, foreclosure of rented homes can potentially affect most of the military. Protecting Tenants at Foreclosure Act of 2009, ensures that military renters aren't forced out of their homes if foreclosure occurs (and a new landlord takes over). This legislation gives renters the right to stay in their rental throughout their lease unless the new owner is moving into the home or if the renter is renting under a month-to-month lease. This law also gives renters at least 90 days before they can be evicted. Before the law went into effect, only individual state protection was available (or none at all). There … (3 comments)
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