This case appears to be one of first impression. The issue involves the application of Los Angeles Municipal Code sections 151.00-151.09 (Rent Stabilization Ordinance, hereafter, the Ordinance) to a purchaser of real property at a foreclosure sale. The question posed is whether a purchaser at a foreclosure sale under the power of sale contained in a deed of trust is bound by the restrictions of the Ordinance limiting...
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