Protecting Tenants at Foreclosure Act of 2009

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.