A new law was passed in May that protects tenants whose landlords fall into foreclosure. Under the Helping Families Save Their Homes Act, tenants have the right to stay in their homes after foreclosure for 90 days or through the term of their lease. The bill also provides similar protections to housing voucher holders.
The message hasn’t filtered down to everyone, though. If you are renting a property that is in foreclosure, you may get a 60 or even 30 day notice to move. Don’t accept these notices at face value, is the advise of attorney Shirley Gibson, they may not be legal. Here’s more advise for renters from Shirley Gibson of the Legal Aid Society of San Mateo:
Free legal help is available to you from your local Legal Aid Society. Click here for a list of KTEH’s partners who can help with legal and other foreclosure issues.