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For housing near this school, could foreclosure of a rented Virginia home force a JMU employee to move immediately?

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University of Colorado Denver

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James Madison University

Not automatically. When a foreclosure purchaser intends to occupy the unit as a primary residence, the statute requires at least 90 days’ written notice before vacancy. A purchaser acquiring it for another purpose takes subject to the lease for its remaining term, while retaining lawful termination rights. The provision also requires specified single-family landlord notices of mortgage default, acceleration, or foreclosure and preserves rent-payment obligations under the stated successor-owner notice rules.

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