Archive for the ‘Protecting Tenants at Foreclosure’ Category

Protecting Tenants at Foreclosure

H.R. 3543, the Permanently Protecting Tenants at Foreclosure Act (PTFA) now has 24 cosponsors, including NH Representative Carol Shea-Porter, and has been referred to the Committee on Financial Services. PTFA is the only federal protection for renters living in foreclosed properties, and provides these renters with the right to at least 90 days’ notice before being required to move. If Congress does not act by the end of 2014, the law will expire. H.R. 3543 would remove the law’s sunset date and would add a private right of action to the law as an enforcement mechanism. S. 1761, the Senate version of the legislation, is sponsored by Senator Richard Blumenthal (D-CT).