NLCHP Releases Report on Renters in Foreclosure
Millions at Risk of Eviction and Homelessness
December 17, 2012
Today, the National Law Center on Homelessness & Poverty released a report showing that, for many low-income renters, the Protecting Tenants at Foreclosure Act is all that stands between housing and homelessness. But if Congress fails to act, that law will expire at the end of 2014.
Eviction (Without) Notice reveals that many states lack adequate protections for renters of foreclosed properties. If not for the federal Protecting Tenants at Foreclosure Act (PTFA), lenders would have the right to kick families in good standing out of their homes without notice in the majority of states.
Passed in 2009 following advocacy by the Law Center, PTFA guarantees renters the right to remain in their home through the end of their lease or, if they have no lease, for a minimum of 90 days with notice before eviction. This critical law, set to expire after 2014 if Congress does not act, has prevented eviction and homelessness for millions of people.
Eviction (Without) Notice shows how important PTFA's protections are, but also that they are being too frequently violated because many renters and lenders are unaware of the law and oversight is limited. Moreover, the report offers common sense solutions to ensure families across the country get to stay in their homes.
To read the report, click here.