Join us on Tuesday, August 25 from 2 - 4:00 p.m. EDT
to learn more about the Protecting Tenants at Foreclosure Act
, and get answers to your questions from Catherine Bendor of the National Law Center on Homelessness and Poverty, Danna Fischer of the National Low Income Housing Coalition, and David Rammler of the National Housing Law Project.
- Hear about the Act: The two-part event begins at 2:00 p.m. EDT with a 30-minute conference call, where speakers will discuss the legislative history of the provisions, the meaning of the law and the impact of the provisions on state and local laws and practices. The call-in number is (712) 432-1001 and the access code is 498796833#.
- Interact with the speakers: Immediately following the call, from 2:30 - 4:00 p.m. EDT, the speakers will be online to answer your questions. All questions for the speakers should be posted to this thread by pressing the Add Reply button. You are welcome to post at any time leading up to or during the event. Questions will be answered on a first-come, first-served basis until time runs out, so post early to be sure yours is addressed.
Thank you to all who participated in this Live at the Forum event. Audio from the conference call can be accessed here.
Note: The panelists jointly responded to questions under the user name "Center for Housing Policy staff".
About the Act
The Protecting Tenants at Foreclosure Act (PTFA), P. L. 111-22, was signed by President Obama May 20, 2009. The Act provides significant new protections for tenants in foreclosed properties, including a 90-day notice requirement and the right to remain for the term of the lease in most cases. Specifically, the PTFA requires that the immediate successor in interest at foreclosure (1) Provide bona fide tenants with 90 days notice prior to eviction, and (2) Allow bona fide tenants with leases entered into prior to the foreclosure sale to occupy the property until the end of the lease term. (The lease can be terminated on 90 days notice if the unit is sold to a purchaser who will occupy the property.) In the case of an owner who is an immediate successor in interest to a property occupied by a tenant with a section 8 voucher, the owner takes the property subject to both the section 8 lease and the housing assistance payment contract, except in the case where the owner will occupy the unit as a primary residence.
Please see the attached memo for more details.