Home > Building Codes, Code Enforcement, Foreclosure, property maintenance > Tenants Pressure Lenders to Repair Buildings

Tenants Pressure Lenders to Repair Buildings

April 24th, 2011 Leave a comment Go to comments

Should lenders allow buyers to purchase a foreclosed building for less than what the lender can get for the property so the buyer has enough money left over to fix it up?  That’s the question posed in an article in the Wall Street Journal, Tenants Turn to Lenders to Repair Buildings.  Some housing groups are pressuring lenders to do this because it does no good for a building to change hands if the new owner can’t bring the property up to code.  It’s a novel approach to the problem of deteriorating properties.

  1. No comments yet.
  1. No trackbacks yet.

To fight spam, please answer this math problem before submitting: * Time limit is exhausted. Please reload CAPTCHA.

Contact Linda: lpiec@sbcglobal.net | 2021 Midwest Road, Suite 200, Oak Brook, IL 60523 | Phone: (630) 655-8783

This blog site is published by and reflects the personal views of Linda Pieczynski, in her individual capacity. It does not necessarily represent the views of her law firm or her clients, and is not sponsored or endorsed by them. The purpose of this blog site is to assist in dissemination of information about legal issues relating to building code enforcement, but no representation is made about the accuracy of the information. The information contained in this blog site is provided only as general information for education purposes, and blog topics may or may not be updated subsequent to their initial posting.

By using this blog site you understand that this information is not provided in the course of an attorney-client relationship and is not intended to constitute legal advice. This blog site should not be used as a substitute for competent legal advice from a licensed attorney in your state. This blog site is not intended to be advertising for legal services and Linda Pieczynski does not wish to represent anyone desiring representation based upon viewing this blog site in a state where this blog site fails to comply with all laws and ethical rules of that state.