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Foreclosure law gives protection to tenants (access required)

By Benny Kass
Published: June 18, 2012
Time posted: 3:11 pm
DEAR BENNY: If a homeowner is behind on his mortgage payments at the time a lease-option closes, in the event of foreclosure what is the effect on the lessee/purchaser? Is the lease dissolved and tenant removed prior to the end of lease term?


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