My limited understanding is that TOPA (Tenant Opportunity to Purchase Act) is a unique law that tends to favor tenants in the event of landlords selling the home they reside in. Giving them an opportunity to purchase the home is the basis of the act.
Hope that helps a bit!
-Kim, Community Manager... more
I researched this last year and found that most sites advertising foreclosures wanted you to pay about $40 a month. I compiled a list of what I consider to be the best sites to find foreclosures directly from the institutions who own those properties. It takes a little more work, but it's FREE! If you copy and paste the following link, you can see my list of foreclosure or REO sites: http://athomeinkc.com/professional7.shtml
If you have questions, or would like to be notified when properties fitting your specific criteria come on the market through our local MLS, please let me know.