Texas Homeowners In Foreclosure, Residential Tenants Could Feel Some Effects From New State ‘Assignment Of Rents’ Law
Written by Administrator on July 2nd, 2011Lexology reports:The Texas legislature just rewrote all real estate loan documents in Texas which include an assignment of rents to the lender (and almost all commercial real estate loans do) when it passed the new Chapter 64 of the Texas Property Code. The Governor signed the bill on June 17, and the law is effective immediately.What does this mean to you?LANDLORDS: As of now, a landlord cannot
The Home Equity Theft Reporter
Tags: Assignment, Could, Effects, Feel, Foreclosure, From, Homeowners, Rents, Residential, Some, State, Tenants, Texas
