• Act would let foreclosed owners rent from bank (access required)

    by Becky Hurley

    Published: August 3,2009

    Time posted: 10:59 am

    Tags: bank-owned real estate, Foreclosures, HR 2529

    Before it recessed for the month of August, the House approved the Neighborhood Preservation Act H.R. 2529, which would authorize banks and lending institutions insured by the Federal Deposit Insurance Corp. to allow foreclosed homeowners to remain in their homes as renters on long term leases. The update on the pending resolution was posted online last ...


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