Protecting Tenants at Foreclosure Act of 2008

A bill to protect the interests of bona fide tenants in the case of any foreclosure on any dwelling or residential real property, and for other purposes.

5/19/2008--Introduced.
Protecting Tenants at Foreclosure Act of 2008 - States that any immediate successor in interest to residential property in foreclosure assumes such interest subject to:
(1) giving the existing bona fide tenant at least 90-day notice to vacate; and r />(2) specified rights of such tenant to occupy the premises until the end of the remaining term of the lease. Amends the United States Housing Act of 1937 to require a housing assistance payment contract to provide that in the case of an owner who is an immediate successor in interest pursuant to foreclosure:
(1) during the initial term of the lease vacating the property prior to sale shall not constitute other good cause for termination of the lease; but
(2) in subsequent lease terms, vacating the property prior to sale may constitute good cause if the property is unmarketable while occupied, or if such owner will occupy the unit as a primary residence. Authorizes a housing assistance payment contract entered into by the public housing agency and the owner of a dwelling unit to provide that the immediate successor in interest to property in foreclosure in which a housing assistance recipient resides, assumes such interest subject to the lease between the prior owner and the tenant, and subject to the housing assistance payments contract between the prior owner and the public housing agency for the occupied unit.


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Sponsor

• Sen. John Kerry [D, MA]
• and 1 Co-Sponsors
  • Sen. Edward Kennedy [D, MA]
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Committees

• Senate Banking, Housing, and Urban Affairs

Amendments

This bill has no amendments.

Amendments to S.3034

Number	Status	Purpose

Bill Status

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Introduced		Voted on by Senate		Voted on by House		Considered By President		Bill Becomes Law
May 19, 2008

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All Bill Actions

• May 19, 2008: Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
• Introduced on May 19, 2008.

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Related Bills:

• H.R.5963

Related Issue Areas:

• Welfare
• Rent
• Public housing
• Leases
• 5 more
• Landlord and tenant
• Housing subsidies
• Foreclosure
• Finance
• Housing

Data from the Congressional Research Service

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May 18, 2008 Bill Introduced: S.3034 A bill to protect the interests of bona ...

A bill to protect the interests of bona fide tenants in the case of any foreclosure on any dwelling or residential real property, and for other purposes.

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S. 3034 would protect the interests of bona fide tenants in the case of any foreclosure on any dwelling or residential real property.... Vote on This Bill: For | Against.

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May 18, 2008 Bill Action: Introduced: S. 3034: A bill to protect the interests ...

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