Protecting Tenants at Foreclosure Act of 2009 Expires
The Protecting Tenants at Foreclosure Act of 2009 (“PTFA”) Sunsets. The PTFA took effect on May 20, 2009. The PTFA allowed bona fide tenants of foreclosed properties to continue occupying the property for 90 days following receipt of a notice to vacate or for the remainder of the tenant’s lease, whichever time period was longer. The law was originally scheduled to expire on December 31, 2012, but was extended to December 31, 2014. Many states, including California, have passed similar laws that remain in effect. (See, Code of Civil Procedure section 1161b).
The law firm of Ruzicka, Wallace & Coughlin, LLP represents landlords, property management companies, institutional and private lenders, employers and insurance companies throughout the State of California in real estate, business and employment litigation. The information provided herein is for general interest only and should not be relied upon or construed as legal advice.
© 2015 Ruzicka, Wallace & Coughlin, LLP.