Eviction (without) Notice: Renters and the Foreclosure Crisis
This report focuses on a critically important, but often overlooked, aspect of the foreclosure crisis: its impact on tenants. A 2009 federal law, the Protecting Tenants at Foreclosure Act (“PTFA”), created important new rights for tenants living in foreclosed properties. Many tenants and their advocates are unaware of these rights, however, and banks and their agents are often in violation of the law. This report reviews the impact of foreclosure on tenants, summarizes the provisions of the new law, describes ongoing violations of the PTFA, and provides a review of changes in state law since the PTFA’s enactment.