Tag: housing market

Final vote soon on bill to protect tenants in foreclosures

The House of Delegates tentatively passed a bill Thursday that opponents said would hurt the already embattled housing market.

The measure is an attempt to mirror federal law for tenants who are renting a property that’s in foreclosure. Under the federal Protecting Tenants at Foreclosure Act, the bill establishes the definition of a “bona fide” tenant, increases the length of time to notify a tenant of foreclosure and mandates more open disclosure of foreclosure proceedings.

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