Thursday, December 31, 2009
Tuesday, December 15, 2009
Protections for Section 8 Tenants in Foreclosed Properties
Protections for Section 8 Tenants in Foreclosed Properties
President Obama signed S. 896, P.L. 111-22, on May 20, 2009. This bill includes a nationwide 90 day pre-eviction notice requirement for tenants in foreclosed properties. The provisions of the bill are effective on enactment, May 20, 2009.
For section 8 tenants the new law amends section 8(o) to provide that in the case of an owner who is an immediate successor in interest pursuant to foreclosure during the term of the lease vacating the property prior to sale shall not constitute other good cause, except that the owner may terminate the tenancy effective on the date of transfer of the unit to the owner if the owner (i) will occupy the unit as a primary residence and (ii) has provided the tenant a notice to vacate at least 90 days before the effective date of such notice.
In addition, in the case of any foreclosure on any property in which a recipient of section 8 assistance resides, the immediate successor in interest in such property pursuant to the foreclosure assumes such interest subject to the lease between the prior owner and the tenant and to the housing assistance payments contract between the prior owner and the public housing agency for the occupied unit.
IN OTHER WORDS, THE NEW OWNER MUST HONOR THE LEASE PREVIOUSLY SIGNED BETWEEN THE PREVIOUS OWNER, THE SECTION 8 TENANT, AND THE HOUSING AUTHORITY PROVIDING THE SECTION 8 ASSISTANCE.
For more information, go to http://www.nlihc.org/doc/Memo-Renter-Protections-S-896.pdf
For eviction assistance, see my blog at: http://www.stopevictions.blogspot.com/
President Obama signed S. 896, P.L. 111-22, on May 20, 2009. This bill includes a nationwide 90 day pre-eviction notice requirement for tenants in foreclosed properties. The provisions of the bill are effective on enactment, May 20, 2009.
For section 8 tenants the new law amends section 8(o) to provide that in the case of an owner who is an immediate successor in interest pursuant to foreclosure during the term of the lease vacating the property prior to sale shall not constitute other good cause, except that the owner may terminate the tenancy effective on the date of transfer of the unit to the owner if the owner (i) will occupy the unit as a primary residence and (ii) has provided the tenant a notice to vacate at least 90 days before the effective date of such notice.
In addition, in the case of any foreclosure on any property in which a recipient of section 8 assistance resides, the immediate successor in interest in such property pursuant to the foreclosure assumes such interest subject to the lease between the prior owner and the tenant and to the housing assistance payments contract between the prior owner and the public housing agency for the occupied unit.
IN OTHER WORDS, THE NEW OWNER MUST HONOR THE LEASE PREVIOUSLY SIGNED BETWEEN THE PREVIOUS OWNER, THE SECTION 8 TENANT, AND THE HOUSING AUTHORITY PROVIDING THE SECTION 8 ASSISTANCE.
For more information, go to http://www.nlihc.org/doc/Memo-Renter-Protections-S-896.pdf
For eviction assistance, see my blog at: http://www.stopevictions.blogspot.com/
Protections for Tenants in Foreclosed Properties
Protections for Tenants in Foreclosed Properties
President Obama signed S. 896, P.L. 111-22, on May 20, 2009. This bill includes a nationwide 90 day pre-eviction notice requirement for tenants in foreclosed properties. The provisions of the bill are effective on enactment, May 20, 2009.
Specifically, the new law will require that the immediate successor in interest at foreclosure provide bona fide tenants with 90 days notice prior to eviction and
allow bona fide tenants with leases to occupy the property until the end of the lease term except the lease can be terminated on 90 days notice if the unit is sold to a purchaser who will occupy the property.
A bona fide lease or tenancy is one where the tenant is not the mortgagor or a member of the mortgagor’s family, the lease or tenancy is the result of an arms length transaction, and the lease or tenancy requires rent that is not substantially lower than fair market rent or is reduced or subsidized due to a Federal, State or local subsidy.
For more information on this bill, visit http://www.nlihc.org/doc/Memo-Renter-Protections-S-896.pdf.
President Obama signed S. 896, P.L. 111-22, on May 20, 2009. This bill includes a nationwide 90 day pre-eviction notice requirement for tenants in foreclosed properties. The provisions of the bill are effective on enactment, May 20, 2009.
Specifically, the new law will require that the immediate successor in interest at foreclosure provide bona fide tenants with 90 days notice prior to eviction and
allow bona fide tenants with leases to occupy the property until the end of the lease term except the lease can be terminated on 90 days notice if the unit is sold to a purchaser who will occupy the property.
A bona fide lease or tenancy is one where the tenant is not the mortgagor or a member of the mortgagor’s family, the lease or tenancy is the result of an arms length transaction, and the lease or tenancy requires rent that is not substantially lower than fair market rent or is reduced or subsidized due to a Federal, State or local subsidy.
For more information on this bill, visit http://www.nlihc.org/doc/Memo-Renter-Protections-S-896.pdf.
Friday, March 6, 2009
Wednesday, March 4, 2009
Oakland fights utility shut-offs in foreclosed rental units.
The City of Oakland declares utility shut-offs in foreclosed rental properties a threat to public health and safety. News coverage of City Attorney John Russo's Dec. 22 press conference announcing the declaration.
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