Monday, August 24, 2009

Live at the Forum: Catherine Bendor, Danna Fischer, and David Rammler Discuss the "Protecting Tenants at Foreclosure Act"

Tomorrow, August 25 from 2-4 p.m. EDT, the Center for Housing Policy will host a two-part "Live at the Forum" event on the "Protecting Tenants at Foreclosure Act" featuring Catherine Bendor of the National Law Center on Homelessness & Poverty, Danna Fischer of the National Low Income Housing Coalition, and David Rammler of the National Housing Law Project.

Part I: Hear about the Act - The event begins at 2 p.m. EDT with a 30-minute conference call, where speakers will discuss the legislative history of the provisions, the meaning of the law and the impact of the provisions on state and local laws and practices. The call-in number is (712) 432-1001 and the access code is 498796833#.

Part II: Interact with the Speakers - Immediately following the call, from 2:30-4 p.m. EDT, the speakers will be online to answer your questions on the Forum. All questions for the speakers should be posted to this thread by pressing the "Add Reply" button. You are welcome to post at any time leading up to or during the event. Questions will be answered on a first-come, first-served basis until time runs out, so post early to be sure yours is addressed.

Please note that you will need to refresh your browser periodically during the live event to view new questions and responses.

About the Act
The Protecting Tenants at Foreclosure Act (PTFA), P. L. 111-22, was signed by President Obama May 20, 2009. The Act provides significant new protections for tenants in foreclosed properties, including a 90-day notice requirement and the right to remain for the term of the lease in most cases. Specifically, the PTFA requires that the immediate successor in interest at foreclosure (1) Provide bona fide tenants with 90 days notice prior to eviction, and (2) Allow bona fide tenants with leases entered into prior to the foreclosure sale to occupy the property until the end of the lease term. (The lease can be terminated on 90 days notice if the unit is sold to a purchaser who will occupy the property.) In the case of an owner who is an immediate successor in interest to a property occupied by a tenant with a section 8 voucher, the owner takes the property subject to both the section 8 lease and the housing assistance payment contract, except in the case where the owner will occupy the unit as a primary residence.

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