Bill reintroduced in US House to Authorize Rental of Foreclosed Homes to Occupants.

Posted By Cliff Tuttle | August 2, 2011

No. 670

DS News.com reports that Rep. Gary Miller (R., CA) has introduced legislation to authorize rentals to families who have lost their homes to foreclosure for a period of five years. A similar bill was introduced in the last session of Congress, was passed by the House on a bipartisan basis, but was not enacted by the Senate. The text of the current version of the Bill indicates that this leasing opportunity would automatically expire three years from enactment. The DS News.com report states that Bill, known as the Neighborhood Preservation Act, is being considered in the House Financial Services Committee.

CLT

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CLIFF TUTTLE has been a Pennsylvania lawyer for over 45 years and (inter alia) is a real estate litigator and legal writer. The posts in this blog are intended to provide general information about legal topics of interest to lawyers and consumers with a Pittsburgh and Western Pennsylvania focus. However, this information does not constitute legal advice and there is no lawyer-client relationship created when you read this blog. You are encouraged to leave comments but be aware that posted comments can be read by others. If you wish to contact me in privacy, please use the Contact Form located immediately below this message. I will reply promptly and in strict confidence.

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