For those of you who may ever find themselves renting as home that goes into foreclosure you need to know you have rights, The Protecting Tenants at Foreclosure Act (PTFA), enacted and effective May 20, 2009, requires that owners acquiring property through foreclosure honor existing leases. Tenants with term leases may not be evicted until the end of their lease terms and not without a 90-day notice. There is one variation on this rule. The new owner who seeks to occupy the unit as a primary residence may terminate the lease with a 90-day notice. A new owner must provide a 90-day notice to tenants with no leases or leases terminable at will. The act also provides additional protections for Section 8 tenants. The new owners of the home I live in are trying to use scare tactic and threats to bully me out. They know they cant take me to court because Arizona upholds that Federal Law. So if you are a friend you know is going through this, do not back down, stand your ground. Get informed. Those who are buying up the foreclosed homes are investors who do not care about real people struggling in a world of slavery. Peace Out
Posted on: Fri, 19 Sep 2014 16:40:51 +0000
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