On and after May 20, 2009 federal Public Law No 111-22 mandates that successors-in-interest take title subject to existing lease and forbids eviction of tenants by such successors at foreclosure with less than 90 days notice to vacate.
Free - one-hour webinar will explain law.
Webinar for Lenders on Protecting Tenants at Foreclosure Act (PTFA)
On Tuesday, September 22, at 2:00 p.m., Eastern Time, the National Housing Law Project, the National Low Income Housing Coalition and the National Law Center on Homelessness and Poverty will host their second Protecting Tenants at Foreclosure Act (PTFA) webinar.
This webinar, while open to all who are interested, is designed to assist the lending and servicing community.
Presenters will include: Barry R. Wides, Deputy Comptroller, Community Affairs, from the Office of the Comptroller of the Currency (OCC); Miguel J. Gutierrez, Director of Alternative REO Dispositions at Fannie Mae; Eric J. Will, Director, HouseSteps, REO sales and leasing at Freddie Mac; Catherine Bendor, Legal Director at the National Law Center on Homelessness & Poverty; Danna Fischer, Legislative Director and Counsel for the National Low Income Housing Coalition; and David T. Rammler, Director of Government Relations, National Housing Law Project.
The presenters will discuss the background, substance and implications of the PTFA and how Fannie Mae and Freddie Mac are implementing the law. They will share their insights into the federal regulators’ responses, the process of managing rental properties when existing occupants remain in properties after foreclosure, and other issues.
The Protecting Tenants at Foreclosure Act of 2009 (Title VII of Pub. L. No. 111-22), signed into law on May 20, 2009, requires that all persons or entities that take title to residential property at foreclosure honor leases of existing bona fide tenants and forbids requiring such tenants to leave the properties unless the new owner has given at least 90 days notice to vacate.
To register for this free webinar go to https://www1.gotomeeting.com/register/354522792.
For more information about registration, contact Mark Antonio of the National Housing Law Project at 510-251-9400 x. 3111 or firstname.lastname@example.org.