Landlords must reveal foreclosures

Mortgage Bankers Association Reports Home Foreclosures On The RiseThe Arizona House has given final approval to a bill requiring landlords to notify tenants when their property enters foreclosure, AP reports.

House Bill 2281 amends the Arizona Residential Landlord and Tenant Act to require the owner to provide written notice to tenants within 5 business days of receiving a formal notice of trustee’s sale. The law previously only required notice if a provision was in the lease.

The bill is sponsored by Rep. Steve Smith of Maricopa. He pushed the bill because renters complained that landlords gave them no notice before they were told to leave because the property had been taken over by a bank.

The House passed the bill on a 54-2 vote Wednesday. A final Senate vote is required before the bill goes to Gov. Jan. Brewer.

 

Share this!

Additional Articles

News Categories

Get Our Twice Weekly Newsletter!

* indicates required

Rose Law Group pc values “outrageous client service.” We pride ourselves on hyper-responsiveness to our clients’ needs and an extraordinary record of success in achieving our clients’ goals. We know we get results and our list of outstanding clients speaks to the quality of our work.

December 2024
M T W T F S S
 1
2345678
9101112131415
16171819202122
23242526272829
3031