Protecting Tenants in Foreclosed Rental Property Ordinance: What Lenders Need to Know

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August 20, 2013
Client Alert

In an attempt to mitigate damages to tenants and communities as a result of foreclosures, improve rental property and prevent occupied properties from becoming vacant after foreclosures, the City of Chicago has promulgated the Protecting Tenants in Foreclosed Property Ordinance, effective September 3, 2013.

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