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Protecting Tenants at Foreclosure Act of 2009

This federal act passed by President Obama in 2009, protects tenants and provides procedures in the event a rental property goes into foreclosure.

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Protecting Tenants at Foreclosure Act of 2009

As of May 20, 2009, any immediate successor in interest of a foreclosed upon residential real property must give a notice to vacate to any bona fide tenant of at least 90 days before the effective date of foreclosure.

Who: This document shall be given to tenants, informing them of their rights in the event of foreclosure.

What: This document protects tenants and provides procedures in the event a rental property goes into foreclosure.

When: Give this document to tenants at lease signing.

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