Real Estate Group Blog for Hampton Roads, Williamsburg & N. Carolina - Blog Archive: July, 2018

Real Estate Group Blog for Hampton Roads, Williamsburg & N. Carolina. Keep up on all the latest happenings and local market information.

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July 2018

There are 2 blog entries for July 2018.

The Real Estate Group is proud to be the "Hampton Roads Original" serving the entire region including Northeast North Carolina.  Check out our Newest Listings and you may just find the perfect home for you and your family.  If you would like to see any of these homes, please contact us via the website or get in touch with one of our professional and helpful associates. They will be happy to arrange showings for you.

 
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With a vigorous real estate sales market, far fewer properties are in foreclosure than during the “real estate bust” of ten years ago.  However, there are always situations that can render homeowners unable to service their mortgage debt.  When the property is occupied by tenants, there are practical and legal considerations regarding the impact of a foreclosure.

On May 24, 2018 the “Protecting Tenants at Foreclosure Act” (PTFA) of 2009 was revived as part of a larger piece of legislation (the Dodd-Frank Amendments) after expiring in 2014.  The Act is designed to provide a buffer for tenants who live in property, pay rent as promised, and through no fault of their own become impacted by the landlord’s inability to service the mortgage. 

Prior to

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