New Law to Protect Tenants in current Foreclosure Crisis

Tenants are currently being affected by the current Foreclosure crisis as well ... being forced out of homes, finding their own credit history damaged with "eviction" notices ... so California Governor Arnold Schwarzenegger recently signed SB1149  enabling Tenants to contest illegal evictions and imposing new requirements for Banks to follow when removing Tenants from Foreclosures. 

Post-Foreclosure Protection for Tenants: Commencing January 1, 2011, a notice to terminate a residential tenant who remains after a foreclosure sale must generally include a statutory notice of the tenant's rights.  This requirement, which sunsets on January 1, 2013, applies to an immediate successor-in-interest for one year after a foreclosure sale.  The tenant's rights must be on a separate cover sheet or, for a 90-day termination, incorporated into the notice to terminate.  Another provision of this bill protects a residential tenant's credit by generally prohibiting the court clerk from revealing unlawful detainer court records unless the plaintiff prevails at trial.  Senate Bill 1149.


Realegal® is published by the CALIFORNIA ASSOCIATION OF REALTORS®, a trade association representing more than 175,000 REALTORS® statewide. 

Call me, if you need a FREE list of homes and condos currently FOR RENT in the Santa Clarita Valley.  It would be my pleasure to show you these homes and there is no expense on your part ... the Landlord pays all fees to have their property shown by a REALTOR(R) after a lease is signed and accepted.

LeeAnn Bell, REALTOR(R) ... 661-309-2364
LeeAnnRealtor@yahoo.com

DRE License #01260650

____

(C) 2010 LeeAnn Bell
All Questions or Comments Welcome
___

 Below is what one client had to say about working with me:

"To prospective clients of LeeAnn Bell ... she is truly a breath of fresh air among the 'we all do it the same and when will I get my commission check' bunch of agents ... she cares about what you are about and she listens to what is important to you ..."

- R.T.