Protecting Tenants at Foreclosure Act of 2009
Are you renting a house or an apartment that is being foreclosed?
Thanks to new Federal legislation, you may have the right to stay in the foreclosed property up to 90 days after the date of foreclosure or through the end of your lease, depending on whether the property will be used as a primary residence by the new owner. You'll want to consult the law to see what provisions apply to your situation.
President Obama signed Public Law No. 111-22 on May 20, 2009. The act protecting renters living in foreclosed property is part of the Helping Families Save Their Homes Act of 2009.