Renters Could Get Reprieve From Foreclosure

Renters in Oregon could get a temporary reprieve from their landlords’ financial problems. The Oregon House approved a measure Monday that gives renters at least 30 days to move after the unit they’ve been living in is sold in a foreclosure proceeding.  Salem correspondent Chris Lehman explains.


Think about this possibility:  You pay the rent on time every month, but all of a sudden you get a notice on your door telling you to move off the premises immediately.  

Supporters of this measure say that’s what often happens when a renter is living in a house that’s been foreclosed on.

Democratic Representative Carolyn Tomei says the result is that people are turned out on the streets through no fault of their own.

Rep. Carolyn Tomei:  “This affects usually very low-income people throughout the state, and many of them only rent month-by-month, so this would give them time to find another place.”

At least 30 days, or as much as two months if they’re in a lease.  The bill passed the House without opposition and heads to the Senate for final approval.


Online:

Oregon Senate Bill 952-B

Comments

June 20, 2009
10:17 p.m.
Hi, I am confused, did'nt the Federal Government just pass a more potant renter foreclosure law, giving 90 day to relocate? Wouldn't that supercede the Oregon law? Diane

— Posted by ebaybe


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