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INTERNAL PROTOTYPE — NOT LEGAL ADVICE — DO NOT SEND

Administrator of Veterans Affairs v. Valentine, 490 A.2d 1165 (1985)

Citation
Administrator of Veterans Affairs v. Valentine, 490 A.2d 1165 (1985)
Parent Document
Administrator of Veterans Affairs v. Valentine, 490 A.2d 1165 (1985)
Jurisdiction
DC (municipal)
Effective Date
1985-04-24

Other Sections in This Document (109)

Full Text

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The decision of the majority in this case will have an immediate impact on banks and other lending institutions in the District of Columbia. It will turn any foreclosing lender who acquires title to property that happens to have a residential tenant into an unwitting — and often unwilling— landlord, subject to the stringencies of the Rental Housing Act. The result could very well be a drying up of available mortgage funds for the purchase of rental properties in the District. I cannot believe that this was the intent of the City Council when it enacted the Rental Housing Act. Since my colleagues disagree, the only recourse of *1173the lending institutions is to seek corrective legislation from the Council, clarifying the status of lessees in possession of foreclosed property and the rights and duties of foreclosing lenders.