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Detailed text transcripts for TV channel - FOXNEWS - 20100226:11:25:00 - Vimarsana News

Detailed text transcripts for TV channel - FOXNEWS - 20100226:11:25:00

Want somebody in it. that makes it problematic. ey got to coordinate and all that stuff so they make it seem like, hey, get out of here. it's our house. but that's not true. so the renter gs to stay in that house for how lon >> well, the new owner has to honor the lease agreement and if the lease agreement has already expired, they still get 90 days. tenant has to pay the rent but the owner of the property can't just say oh, you haven't paid me. well, they have to ask for the money. and so what tenants should do is have their leases, have proof they've been paying rent. that they're a real ten...

Detailed text transcripts for TV channel - FOXNEWS - 20100226:11:24:00 - Vimarsana News

Detailed text transcripts for TV channel - FOXNEWS - 20100226:11:24:00

But you do have rights even if you are a renter and y don't own the house that has just been foreclosed. >> joining us now is an attorney with rio grande legal aid and has all the answers for us this morning. good morning to you, robert. >> good morning. >> all rit. tell us about this law that many people do not know is on the books called protecting tenants at foreclosure act. what is it? >> it's a new law that was passed may 20th of 2009 and what it says is that if you're a tenant and you've been paying your rent, the landlord gets foreclosed on, the new owner of the property, often the bank...