Indiana Lawmakers Consider Bill Allowing Tenants To Void Leases In Homes That Fall Into Foreclosure

In Indianapolis, Indiana, the Post Tribune reports:

• Renters would have the power to void their leases if the properties where they live fall into foreclosure under a bill that passed the Senate Judiciary Committee on Wednesday. Tenants would be guaranteed notification if the property is foreclosed on, and then would be able to break their lease so they could find somewhere else to stay, rather than risk getting tossed out when someone new buys the building. The Senate Judiciary unanimously adopted the proposal, which will next head to the full Senate for consideration.

For more, see Bill would aid renters in foreclosed properties.

See also, WTHR-TV Channel 13: Lawmakers look to tighten up laws on mortgage foreclosure.