Tenants Facing Foreclosure are Protected Under PTFA
The process of eviction has become more heavily regulated in recent years right along with the rest of the housing industry, mainly by the Protecting Tenants at Foreclosure Act (PTFA) of 2009. Two experts discussed how the process of eviction has changed in the "PTFA and Beyond: Handling Evictions" on September 15 at the Property Management Lab of the Five Star Conference. Tenants who are facing foreclosure and are protected under PTFA have more options than they did before. PTFA, like much of today's housing regulation, was created in response to the mortgage crisis of 2008. It was set to expire at the end of 2012 but the expiration date was extended to December 31, 2014 due to the passage of the Dodd-Frank Reform Act in 2010, Read more.
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