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Protecting Tenants at Foreclosure Act of 2009 |
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Below you will find the major provisions outlined under Title VII, Protecting Tenants at Foreclosure Act of 2009. - If the lease ends in less than 90 days, the new owner may not evict the tenant without giving the tenant at a minimum 90 days notice. - At the end of the term of the lease, the new owner may terminate the tenancy if the new owner provides a 90-day notice. - The new owner may terminate the tenancy if the owner will occupy the unit as a primary residence, and has provided the tenant a notice to vacate at least 90 days before the effective date of such notice. This is the only exception to the rule that the tenant may not be evicted during the term of the lease. These provisions expire on December 31, 2012. |
Protection for Renter of Foreclosure Homes
The Helping Families Save Their Homes Act of 2009 signed into law on Wednesday, May 20th, 2009 (Pub. L. 111-22) provides a 90-day notice requirement and additional protections for tenants in foreclosed properties. 
2 comments • Eric Reid • June 29 2009 09:45PMComments
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I really enjoyed your post tonight. Thanks for sharing tonight.
Eric - To some degree, this was definitely needed because so many tenants were being punished because the rent they were sending every month, on time, to the landlord was not being used to pay the mortgage.
However, on the flip side, so many first time buyers are having to deal with getting uncooperative tenants (who are long past their 90-day notice and are no longer paying rent) out of the homes that they have just purchased.