Renters receive protection in foreclosure

New protection for tenants will be in effect at the end of the week, according to the Register Guard, if their rental is in foreclosure. Federal law will allow tenants at least 90 days to move after foreclosure, if they’re on a month-month basis, or allows them to finish out the terms of their lease, unless the new buyer of the foreclosed property intends to use it as their primary residence, in which case there’s a maximum of 90 days. According to the Guard, New Oregon law will allow tenants to apply their deposit to their final days in the house, if they choose to do so.

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