Law helps protect renters of foreclosed property
|
A Dalton case could be the first test nationwide of a new federal law protecting renters during foreclosure.
“It’s the first test I know of,” said Bill Bell Jr., the attorney for First Georgia Banking Co.
The bank foreclosed on two homes in Dalton owned by Paniagua Construction in June, and sent letters to the occupants saying they must leave by Sept. 25.
Attorneys for both sides say one tenant has already vacated her home. But April Arrieta, who had a 30-year lease to buy from Paniagua, still wants to continue living in the house she has occupied since November 2008 and has continued to make her rent payments, according to her attorney, Cynthia Gibson, an attorney for Georgia Legal Services in Dalton.
“She’s trying to buy the home, trying to get financing to purchase the home,” said Gibson. Arrieta was out of town at press time.
The bank foreclosed on two homes in Dalton owned by Paniagua Construction in June, and sent letters to the occupants saying they must leave by Sept. 25.
Attorneys for both sides say one tenant has already vacated her home. But April Arrieta, who had a 30-year lease to buy from Paniagua, still wants to continue living in the house she has occupied since November 2008 and has continued to make her rent payments, according to her attorney, Cynthia Gibson, an attorney for Georgia Legal Services in Dalton.
“She’s trying to buy the home, trying to get financing to purchase the home,” said Gibson. Arrieta was out of town at press time.
Add your comment
Categories
Industry News Consumer News The Housing Crisis Commercial Property Loans & Financing Taxes Insurance Legal News Agents & Brokers Developers Contractors & Builders Projects & Investment Building & Improvement Hotels & Resorts Property Management Commentary & Analysis Property Shows & Events Green Building Architecture & Design Luxury Property Home & Garden Vacation Homes United States Canada United Kingdom Europe United Arab Emirates Middle East Israel India Australia & New Zealand China Hong Kong Singapore Japan South Korea South East Asia Central & South America South Africa North Africa Video
Latest Articles
Bangkok property - top tipsBuying property in BangkokBuying condos in Bangkok - Condo buyers guideBuying houses in Bangkok - house buyers' guide42% of Caspian’s units snapped upIs it time for a Correction in the Phuket Property Market?Phuket’s Taj Exotica makes genuine startKanda plans two residential projectsDevelopers add community flavourChone Sophonpanich enters realty
Tags
Newsletter
Get each new article from
Estates Report
Your email:
