Tenants and Foreclosure

Rights of Renters in Foreclosure

When the bank forecloses on the landlord, federal law protects the tenant.

Protections for Tenants After a Landlord’s Foreclosure

The federal Protecting Tenants at Foreclosure Act of 2009 (PTFA) ensures that renters have adequate time to find alternative housing after the home they’re living in gets foreclosed.

Tenants Caught in Foreclosure: Who Gets the Rent?

Learn to whom tenants should pay rent when landlords fall into foreclosure.

Do California Landlords Have to Notify Prospective Tenants of Foreclosure?

California law used to require landlords to warn prospective tenants when the property they were looking to rent was facing a foreclosure.

Tenant Evictions After Foreclosure in California

In California, the new owner of a foreclosed property must perfect title before serving tenants with a three-day notice to quit.

What’s a Debt-to-Income (DTI) Ratio?

If you’re applying for a loan modification, your debt-to-income ratio could be a factor.

What's "Cash for Keys" in a Foreclosure?

If you lose your home to a foreclosure sale, the new owner might offer you a lump sum to voluntarily move out. This kind of transaction is called “cash for keys.”

Credit Bidding in a Foreclosure

At a foreclosure sale, the foreclosing lender usually makes a bid on the property using what’s called a “credit bid.”

What Is an Acceleration Clause?

In a mortgage contract, an "acceleration clause" is a provision that permits the lender to demand that the borrower repay the entire loan after a default.