Renters Fear Evictions From Foreclosures Too
December 19, 2012
Forty percent of families facing evictions due to foreclosure are renters, according to the National Law Center on Homelessness & Poverty.
Many states lack adequate protections for renters of foreclosed properties, the organization reports. In most states, the federal Protecting Tenants at Foreclosure Act prevents lenders from evicting families in good standing without notice. The law allows renters to stay in the home through the end of the lease or at least 90 days if there is no lease.
But the law is set to expire at the end of 2014, and the National Law Center on Homelessness & Poverty has been advocating for Congress to extend it.
“The report shows how important [the law’s] protections are, and the need to make them permanent,” says Maria Foscarinis, executive director of the Law Center. “But it also shows that because many people are not aware of the law and oversight is limited, [the law’s] rights are often violated -- leaving families across the country out on the street.”
Some of the laws violated according to the organization’s report are the failure of new owners to determine the occupancy status of residents in foreclosed properties and failure of the new owners to provide information on where to pay rent and request property maintenance.
Updated: May 20, 2019