Law360, New York ( August 29, 2013, 1:58 PM EDT) -- In June 2013, the Chicago City Council passed the "Keep Chicago Renting" ordinance by a vote of 45-4. The ordinance goes into effect on Sept. 3, 2013. Parties who obtain title to rental properties via foreclosure after Sept. 3 (defined as "owners") will face new regulations, new costs and new headaches....
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