Tag Archives: Protecting Tenants at Foreclosure Act of 2009

Renters rights in the case of a foreclosure.

hiriseThe federal “Protecting Tenants at Foreclosure Act of 2009” expires December 31, 2014. Be prepared and get the scoop on where you stand as a renter in the event of your landlord or building management going into foreclosure. Find out  what a “Lis Pendens” is; be aware of what the term “cash for keys” means; do you have a “bona fide” lease? A pamphlet entitled “Tenants in Foreclosure Intervention Project” distributed by the Lawyer’s Committee for Better Housing may be of assistance.

howzsDuring foreclosure, you have the right to…

  1. Be notified in writing if your landlord or the building management changes;
  2. Live in a safe apartment with utilities
  3. Receive written notice if asked to move
  4. Get eviction court records sealed (or made confidential)
  5. Recover your security deposit.

rentermoverYou may also have the right…To stay until the end of your lease

You also have responsibilities…You must continue to pay your rent

For more information, the Illinois Legal Aid Online page details more Rights After Foreclosure.

The OCC/Office of the Comptroller of the Currency, goes into a bit more detail on their page entitled Protecting Tenants at Foreclosure Act of 2009; for more information on  rental rights results, click here.