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Purchasing a Virginia Residential Rental Property at Foreclosure? You Need to Understand the Tenant’s Rights.   As a real estate investor in Virginia it is pertinent information that you should be aware of when considering a rental property of this sort. Below some details are outlined to help in navigating this venture.   If you purchase a Virginia residential rental property at foreclosure, you need to understand the rights of the tenants occupying the property. In the wake of the 2009 foreclosure crisis, Congress enacted the Federal Protecting Tenants at Foreclosure Act (“PTFA”), which expired in 2014 but was permanently extended on May 24, 2018. The purpose of the PTFA is to protect tenants from immediate eviction after the homeowner defaults on the mortgage and the lender forecloses on the property. Virginia Code § 55-225.10, which went into effect on July 1, 2017 before the extension of the PTFA, also
The following practical suggestions and hints on Hurricane Emergency Preparedness Besides usual hints offered by the mass media, such as getting a stock of cash, gassing your vehicles, buying non-perishable foods and water, and having plenty of fresh batteries for flashlights and radios, etc. Arlington County also has a Hurricane Preparedness links page at: https://building.arlingtonva.us/resource/storm-disaster-preparation/. Remember, our list complements and supplements those lists; it does not replace them. * Freeze multiple gallon jugs of water in your freezer ahead of time, for placement in your refrigerator and freezer when the power fails for a couple of days. Remember to leave the cap off and the water level down about 2 inches in the jug, to allow for expansion on freezing. Unless it’s really hot, each gallon jug in each compartment buys you an extra day, longer if you can get your kids to avoid opening the doors unless absolutely necessary.