What Is The Protecting Tenants at Foreclosure Act And Does It Apply To Foreclosures On Multi-Family Properties?

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The Statute. The Protecting Tenants at Foreclosure Act (the "Act"), 12 U.S.C. Section 5220, is a 2018 federal law that offers security for renters living in foreclosed properties. The Act imposes certain obligations on "immediate successors in interest" (presumably including...