What Rights Do Tenants Have When The Home They Are Renting Is Foreclosed On?

StopUPDATE TO PREVIOUS POST:  This post is an update to my previous blog, which explains how landlord / tenant rights are affected by the sale of the rented property at foreclosure.  The previous blog sets out the the full text of the Helping Families Save Their Homes Act of 2009.

Act Extended to December 31, 2014. The Protecting Tenants at Foreclosure Act was included in a larger piece of legislation: the Helping Families Save Their Homes Act of 2009. Under the Act, the purchaser of a foreclosed home in Kentucky and Indiana must give tenants at least 90 days’ notice prior to eviction and allow tenants to remain in the foreclosed home until the end of the lease, unless the purchaser plans on using the property as his/her primary residence or if the lease is terminated at will. However, the new owner must still provide tenants 90 days’ notice of eviction. This provision was originally set to expire on December 31, 2012 but was extended to December 31, 2014 by the Wall Street Reform and Consumer Protection Act, which Congress passed in July 2010.