
If your landlord is facing foreclosure on the property you live in, it can be a difficult and confusing time. The Protecting Tenants at Foreclosure Act (PTFA) was created to assist renters in this situation.
Read below for more information on PFTA and other rental programs:
Under this law, valid tenants are permitted to stay in the residence until the end of their lease term or, if the lease is a month-to-month lease, tenants must be provided with at least 90 days of notice before the termination of their lease. More [1] ›
Qualified renters occupying a Fannie Mae home at the time of foreclosure are eligible for the Tenant-in-Place program. More [2] ›
Fannie Mae's Deed-for-Lease Program allows qualified homeowners (or their tenants) to lease the home for up to 12 months. More [3] ›
If you are a renter and concerned about foreclosure or want more information about the programs listed above, contact the Fannie Mae Resource Center at 1-800-7FANNIE (1-800-732-6643) for assistance. More [4] ›
Links:
[1] http://knowyouroptions.com/rent/my-rental-home-foreclosure/protecting-tenants-foreclosure-ptfa
[2] http://knowyouroptions.com/rent/my-rental-home-is-in-foreclosure/tenant-in-place-rental-program
[3] http://knowyouroptions.com/rent/my-rental-home-is-in-foreclosure/deed-for-lease-program
[4] http://knowyouroptions.com/rent/my-rental-home-is-in-foreclosure/help-for-renters