A new law, signed by Gov. Quinn, provides help for tenants who are living in residential property that has been foreclosed.  The law states that the new owner must either give the tenants adequate time to move or honor the existing lease at the time of foreclosure.  The law will help prevent those who rent their home from being displaced and homeless just because the owner failed to pay the mortgage and the bank foreclosed.  It strengthens tenant rights and provides more stability for families.

For the full story and more details read, “Quinn Signs Law to Help Illinois Renters Fight Foreclosure.”