H.R.5963: 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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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. 5/5/2008--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 (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 [...]
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