Understanding Your Rights: Tenants Following the Landlord’s Foreclosure

In the wake of the U.S. foreclosure crisis, and as part of the Helping Families Save Their Homes Act of 2009, congress enacted the Protecting Tenants at Foreclosure Act (“PTFA”).  This relatively unknown piece of legislation has significant importance to tenants of property that is foreclosed.  Legislative history of the PTFA reveals that “for too […]

Court Denies Wells Fargo’s Attempt to Invalidate Lease

National lender Wells Fargo, N.A.’s (Wells Fargo) attempt to invalidate a residential lease following the foreclosure of a mortgage covering a Highland property was denied by the Fourth District Court in American Fork, Utah pursuant to the Protecting Tenants in Foreclosure Act of 2009.   In 2008, the landlord of the subject property defaulted on his […]