The Permanently Protecting Tenants at Foreclosure Act (H.R. 3619) is being introduced in the House.
Harrisburg PA – July 13, 2012 – (RealEstateRama) — In 2009, the enactment of the Protecting Tenants at Foreclosure Act (PTFA) was a major step forward in achieving housing stability for renters living in a property in foreclosure. The Act ensures that most tenants can stay in their homes for the remainder of their leases or for at least 90 days post-foreclosure. Prior to PTFA, such tenants were often required to move with as little as a few days’ notice.
This act will expire on December 31, 2014 if Congress does not take action to extend the law.
Representative Keith Ellison (D-MN) has introduced the Permanently Protecting Tenants at Foreclosure Act (H.R. 3619), which would make 2009’s Protecting Tenants at Foreclosure Act (PTFA) permanent.
Specifically, the bill would:
• Remove the 2014 PTFA sunset date.
• Add a private right of action to better ensure compliance with the law.
Please help increase the number of co-sponsors for H.R. 3619 to ensure that tenants continue to be protected at foreclosure.
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