(More from our "Watch for Change" series . . . .)
As you know, the "new" economy is prompting a wide range of new laws and ordinances, all of which present opportunities for the unwary to trip up and mess up in the collection process.
This posting will interest you if any of your collateral involves residential real property.
While this posting is written from a Texas perspective, the concept applies to all states—because the new Federal law applies to all states.
Thanks to Vince Marino of Winstead PC for this information, which was published in the Houston Business Journal on July 17, 2009.
If you have any questions or comments, please post them.
New Federal Foreclosure Law Gives Residential Tenants 90 Days to Vacate