The Protecting Tenants At Foreclosure Act of 2009 went into effect on May 20, 2009, offering some protection, and at least a little time, for those renters who find themselves drawn into foreclosure despite paying their rent. In short, the act allows such tenants to stay in their rental homes for 90 days following foreclosure, [...]
Late Monday afternoon, the Chief Justice of the South Carolina Supreme Court took the unusual step of issuing a temporary restraining order stopping foreclosure sales where the underlying mortgage is owned by either Fannie Mae or Freddie Mac, or where the lender has signed on to the Home Affordable Modification Program [HAMP], a federal mortgage [...]