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Jul 1, 2011 0

Foreclosure and renters: banks break the law

Banks routinely violate state and federal laws protecting tenants in rental buildings in foreclosure, particularly in a “foreclosure belt” stretching across the South and West Sides, according to a new report.

Lenders and their agents “willfully ignore” laws that protect tenants in foreclosures and have “institutionalized in their practices the wholesale violation of tenants’ [legal] rights,” according to a report (pdf) from the Lawyers Committee for Better Housing.

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