26
April , 2017
Wednesday

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SPRINGFIELD, IL – Illinois State Senator Jacqueline Y. Collins (D-Chicago 16th) secured passage of legislation to protect tenants living in a building in foreclosure.

“Tenants should not be evicted on short notice because of the financial circumstances of their landlord,” Collins said. “This legislation establishes that paying tenants have rights under state law, even when the rental property is repossessed by a bank or sold.”

Currently, tenants living in foreclosed properties are protected under federal law, but those protections are set to sunset in 2014. An owner who acquires a property in a foreclosure proceeding can evict a tenant only at the end of the lease or, if there is no lease, with 90 days’ notice. If the new owner intends to use the property as his or her primary residence, he or she may terminate the lease but must give 90 days’ notice. A bank foreclosing on a rental property also must inform tenants of where they should pay their rent.

“As a legislator with a consistent commitment to housing rights and keeping people in their homes, I do not want the residents of Illinois to fall through the cracks when federal protections expire or are inadequate,” Collins said. “I want Illinois to be known for its comprehensive approach to the foreclosure crisis so our neighborhoods can weather this storm and emerge stronger.”

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Welcome to CopyLine Magazine! The first issue of CopyLine Magazine was published in November, 1990, by Editor & Publisher Juanita Bratcher. CopyLine’s main focus is on the political arena – to inform our readers and analyze many of the pressing issues of the day - controversial or otherwise. Our objectives are clear – to keep you abreast of political happenings and maneuvering in the political arena, by reporting and providing provocative commentaries on various issues. For more about CopyLine Magazine, CopyLine Blog, and CopyLine Television/Video, please visit juanitabratcher.com, copylinemagazine.com, and oneononetelevision.com. Bratcher has been a News/Reporter, Author, Publisher, and Journalist for 33 years. She is the author of six books, including “Harold: The Making of a Big City Mayor” (Harold Washington), Chicago’s first African-American mayor; and “Beyond the Boardroom: Empowering a New Generation of Leaders,” about John Herman Stroger, Jr., the first African-American elected President of the Cook County Board. Bratcher is also a Poet/Songwriter, with 17 records – produced by HillTop Records of Hollywood, California. Juanita Bratcher Publisher

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