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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

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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.





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