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Dealing with Foreclosure when renting

Still an issue for many tenants living in housing that's foreclosed
Protecting Tenants at Foreclosure Act (PTFA)

Passed by Congress in 2009 and extended in 2010, the PTFA provides that the purchaser of a foreclosed property must recognize the existing lease of a tenant living in that property or provide a new month to month rental agreement that can only be terminated by a 90 days notice.

As a practical matter tenants living in a unit that is under foreclosure should let the purchaser know that they have rights to stay in the unit after the new owner takes title.

PTFA can be raised as a defense against an eviction if a foreclosure purchaser tried to evict a tenant living in a foreclosed house, but not all courts are aware of these provisions.  Tenants who are entitled to PTFA protections should get legal advise before presenting a PTFA defense.


 Thanks to Patti Morrow of Project HouseCall sharing this resource
Notes & Links

NLIHC info page




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Spencer Wells,
Nov 17, 2012, 3:43 PM
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spencer wells,
Jul 30, 2010, 2:38 PM
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Spencer Wells,
Nov 17, 2012, 3:41 PM
Ċ
Spencer Wells,
Nov 17, 2012, 3:42 PM
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