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The Protecting Tenants at Foreclosure Act Expiring Soon.

December 18th, 2012 Written By Carol Pawley

The Huffington Post is reporting that millions of renters across the United States could face eviction when “The Protecting Tenants at Foreclosure Act” expires at the end of the 113 Congress. Passed in 2009, the act gave renters the right to remain in their homes until the end of their lease or for a minimum of 90 days if they are not on a lease, if their building is foreclosed on. Without the federal provision, renters will be forced to rely on local laws that may or may not exist. The National Low Income Housing Coalition reports about 20% of all foreclosures are made up of rental properties & 40% of foreclosure related evictions occur on rental properties. The total number of renters has increased by 5.1 million nationally since 2000. In 2010, renters made up the majority of households in several of our nation’s most populous cities, and their numbers are expected to grow.

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