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The Leadership Conference on Civil and Human Rights

The Nation's Premier Civil and Human Rights Coalition

The Leadership Conference on Civil and Human Rights  & The Leadership Conference Education Fund
The Nation's Premier Civil and Human Rights Coalition

How Foreclosure Affects Renters

An estimated 40 percent of households facing eviction due to foreclosure are renters, not homeowners. Many renters have been evicted from their homes with little or no notice - sometimes with no idea that a foreclosure was pending - after their landlords were unable to pay their mortgages.

But renters gained some protection against foreclosure under the Helping Families Save Their Homes Act, which was signed and took effect in May 2009. The new law requires the new owners of a property to allow tenants to remain in the home, as long as the tenants pay their rent on time. Renters will be able to stay until the end of their lease, or will get at least 90 days notice if they do not have a lease or if the new owner intends to reside in the home.

Some states have stronger laws that give additional protections to renters under foreclosure.

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