News » Take Action » 17 May 12
Critical Foreclosure Protections for Renters about to Expire
From the National Low Income Housing Coalition: We Need to Permanently Extend Protections for Renters at Foreclosure
Please urge your Representative to co-sponsor H.R. 3619 to ensure that tenants continue to be protected at foreclosure.
Representative Keith Ellison (D-MN) has introduced legislation, the Permanently Protecting Tenants at Foreclosure Act (H.R. 3619), that would make 2009’s Protecting Tenants at Foreclosure Act (PTFA) permanent law. Specifically, the bill would:
Remove the 2014 PTFA sunset date.
Add a private right of action to better ensure compliance with the law.
Foreclosure and Renters
Prior to the passage of the PTFA in May 2009, tenants living in a property in foreclosure were often required to move with as little as a few days’ notice. These renters often had no idea that their landlord had fallen behind on mortgage payments, and renters usually had continued to pay their rent even as their landlord had failed to pay the mortgage.
The enactment of the PTFA was a major step forward in achieving housing stability for renters after a foreclosure, as the law ensures that most tenants can stay in their homes for the remainder of their leases or for at least 90 days post-foreclosure.
However, if Congress does not take action to extend the law, the PTFA will expire on December 31, 2014. Ask your Representative to cosponsor H.R. 3619 today!
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