Protecting Tenants at Foreclosure Act of 2009
May 29th, 2009 | 
Author: A new federal law protects innocent tenants from eviction after foreclosure.[1]
The purchaser at foreclosure takes the property subject to any unexpired lease. The law also requires the foreclosure auction purchaser to give notice to vacate to any month-to-month tenant. The notice must be served at least ninety days prior to its effective date.
The law expires at the end of 2012.
[1] S. 896, Public Law No: 111-22, signed by Pres. Obama May 22, 2009.
Posted in Foreclosure