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Quinn signs SB 56

The Protecting Tenants at Foreclosure Act, a federal law that protects renters whose buildings are in foreclosure, will expire in December 2014.  However, on August 21, Illinois Gov. Pat Quinn signed a bill into law that permanently grants renters those protections for Illinois renters.  Under the new law, renters are entitled to remain in their homes through the end of their leases. If the foreclosed property is sold to a third…

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