Thursday, April 01, 2010

Rep. Barbara McGuire, D-Kearny (District 23), is working to protect renters from foreclosure

Sarah Buduson
Reporter, KPHO.com

PHOENIX -- Rep. Barbara McGuire, D-District 23, has heard many tales of foreclosure woes during the housing crisis, but a group of them made her decide to try to change the law.

“I received several e-mails that caught my eye that complained that nobody was doing anything for renters," said McGuire.

McGuire heard has proposed requiring landlords to give renters 90 days notice about an impending foreclosure sale.

House Bill 2766 also says landlord of a foreclosed property must give renters at least 30 days to leave the property.

However, Jeff Kastner, an attorney for Community Legal Services in Phoenix, said McGuire’s proposal may be ineffective.

“I think the intent is good,” he said, but he worries the details contradict federal law.

Last year, Congress passed a law that allows renters to continue to live in a foreclosed home until their lease ends, unless the new buyer want to reside in the home. In that case, the renter has 90 days to find a new place to live.

Kastner fears McGuire's proposal will make it more difficult for landlords and renters to figure out the rules before and after a foreclosure.

(Read More)

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