Congressional Legislation

The following information was taken from the United States Congress' Official Website.

************************************************************

The information below can be found at http://www.congress.org/congressorg/issues/bills/?billnum=H.R.4735&congress=110.

Congressional Legislation
Bill # H.R.4735
To amend the Truth in Lending Act to protect tenants interests in foreclosure proceedings.
Original Sponsor:Keith Ellison (D-MN 5th)
Cosponsor Total: 1 (last sponsor added 12/17/2007) 1 Democrats

About This Legislation:12/17/2007
Introduced.Tenant Protection in Foreclosure Act of 2007 - Amends the Truth in Lending Act with respect to the effect on a preexisting lease of foreclosure on any dwelling or residential real property securing an extension of credit. States that any successor in interest in such property pursuant to the foreclosure shall assume that interest subject to: (1) provision of a 90-day notice to vacate to any bona fide tenant of such property; (2) the rights of such a tenant either to continue occupancy until the end of a preexisting lease, or until the end of the six-month period beginning on the date of the notice of foreclosure, whichever occurs first; and (3) the right of such a tenant to the 90-day notice to vacate, if the tenant has no lease or has a lease terminable at will under state law.

***************************************************************

The bill was referred to the House Committee on Financial Services on 12/17/2007. So far, no amendments have been made and no other action has been taken. There is no way to know when and if this bill will actually pass both the House and the Senate.

It is amazing how long it is taking our government to pass reasonable legislative laws to protect its citizens in this crisis. This bill has been "sitting" in Congress for over three months. in the meantime, thousands of foreclosed tenants have been or are about to be evicted. We need Congress to move faster or our country will be facing the largest homeless numbers in history.

Please go to http://www.congress.org/congressorg/home/ to write your officials and demand that they move faster on this issue. Just put in your zip code to get a full listing of your officials. There will be direct links to write your country's president, senators and representatives. There will also be direct links to your state's governor, senate and assembly members.

These people are elected officials. If enough voters complain about this crisis, they will have to take action. Please stand up and raise your voice. That's the only way that they will take this problem seriously and take fast action.

Kiesha Joseph

Renters Face Rapid Eviction as Foreclosures Soar

This is a very good article I found on "npr" at http://www.npr.org/templates/story/story.php?storyId=88251859. It was written by Richard Gonzales.

All Things Considered, March 14, 2008
The subprime mortgage crisis continues to claim casualties, and some of them aren't even homeowners.

In California, scores of renters are being kicked out of their homes, even when they haven't missed a single rent payment.

Shirley and William Hayes love the house they've been renting in a comfortable subdivision outside San Francisco. Even so, they're moving.

"I have been packing. I have almost all of the linen done. We're eating out of paper plates, plastic forks, spoons and knives," Shirley Hayes says.

A Notice Pinned to the Door

After being in the home for about a year and a half, the Hayeses found a notice pinned to their door telling them the bank had foreclosed and the property was up for sale. It was a shock because they had just renewed their rental agreement, and the landlord was still collecting rent even after they saw the foreclosure notice.

"He has never told us. That's how we found out what's going on," Shirley says.

She has a stack of documents that she says indicate that the landlord knew he was in default when he was taking their money. Ultimately, the bank turned them over to a property management company.

"And the management company gave us 30 days to get out. We would not get a refund on our deposit. We paid our rent," she says.

And that's how the Hayeses became part of the growing number of California renters who have gotten caught up in the foreclosure crisis.

Few Protections, Harsh Tactics

"Once a foreclosure occurs, those renters are being evicted without virtually any notice, despite the fact that they have paid their monthly rental bills every month without any interruptions whatsoever," says Paul Leonard, who heads California's Center for Responsible Lending.

There are no precise numbers of how many renters face eviction. But in California, some estimates suggest about 20 percent of foreclosed properties were used as rentals, and in many cases, tenants have few legal protections.

"What we're seeing is some very harsh tactics," says John Russo, the city attorney in Oakland. He says bank and property managers sometimes threaten renters with lawsuits or damaged credit reports.

"Often what they do is offer what's called 'cash for keys,' " Russo says. "So, there is a schtick: 'We're going to throw you out, and you can fight with us or we can give you $500.' At least here in the Bay area, $500 for moving expenses is nothing. It's not going to help any family."

Buying Time

Russo says many renters don't realize Oakland and several other California cities have rent-control laws that can stop evictions, even foreclosures.

Whenever his office intervenes, Russo says, the bank's agents usually back down and agree to allow tenants more time to move out.

That's ultimately what happened to the Hayeses. With the help of a legal aid attorney, they negotiated another month before they will have to move. Shirley says she and her husband are both elderly and not in good health, and being forced to move is difficult.

"People all over the country are in the same position, I know that. But what do you do? You can't afford to move, and you can't afford to stay, you know," she says.

There is a bill in Congress that would give tenants 90 days' notice when their rental has been foreclosed on. It's been approved by the House and awaits action in the Senate.

*******************************************************

Note from Kiesha Joseph:

Many people are turning to Legal Aid for help. My eBook gives you step by step instructions on how to complete the process yourself. My sister went to Legal Aid and was granted another 30 days. Using the processes noted in my eBook, I was able to get another four months. My sister thought it would be easier to just let Legal Aid handle the situation. She now wishes that she would've followed my directions instead.

I am happy to hear that Congress is finally concerned with the situations our country's foreclosure crisis is putting renters in. There is no excuse for them allowing so many of us to be evicted before finally deciding to step in and help. I will be researching this new bill and update you on its progress as soon as possible.