New legislation provides protections for renters facing eviction because of foreclosure

On May 20, 2009, the Helping Families Save Their Homes Act of 2009, P.L. 111-22, was signed into law. Title VII of the law includes protections for renters who are facing eviction because their buildings are in foreclosure. The law requires that the lender who takes over the building must provide at least 90 days notice to tenants before eviction. Additionally, renters must be allowed to live out their leases, unless there is no written lease present.
 
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