Calif. Leases Survive Foreclosures, Appeals Court Says

Law360, New York (January 24, 2014, 3:41 PM EST) -- A California appeals court on Thursday revived a wrongful eviction suit filed by renters against Deutsche Bank National Trust Co., finding the federal Protecting Tenants Against Foreclosure Act allows legitimate renters to complete their leases despite foreclosures and allows state claims for violations of the 2009 law.

Plaintiffs Rosario Nativi and her son Jose Roberto Perez Nativi had rented the converted garage of a home as a residence beginning in 2007. Deutsche Bank acquired the property at a foreclosure sale in 2009, and the Nativis said...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.