Joomla Free Templates by iPage Hosting
Browse this website in:

Sheriff Sale & Foreclosures

Category: Tenant Rights & Laws Published: Sunday, 21 September 2014 Written by ATA Admin

User Rating: 0 / 5

Star InactiveStar InactiveStar InactiveStar InactiveStar Inactive

Sheriff Sale & Foreclosures

Sheriff Sale:  Is the property your renting going up for sheriff sale? If the property you’re renting is being put on sheriff sale it does not mean you must move. If you have a lease you have the right to stay. If someone buys it then the new owner must either honor your lease or pay you the months left on the lease. For example: Let’s say there are three months left in your lease. The new owner has the option of paying you for those three months if you accept the offer. If you do not have a lease and are renting month to month then your current landlord or the new owner can give a 30 day notice for you to vacate.


Foreclosures: We just found out the "Protecting Tenants at Foreclosure Act of 2009" (PTAFA) expired on December 31, 2014. This is bad news for tenants of residential real estate whose landlords face foreclosure, as now state law applies in absence of federal protections. Pennsylvania currently has no laws on protecting tenants who rent a property that is going in foreclosure that we could find. Because it has now expired, tenants are not provided any additional protections in foreclosed properties. We will be addressing this issue with our state representatives to see if the state can possibly enact a law to protect tenants. We will keep you updated on any changes.



Hits: 2897