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Renters in Foreclosed Homed Now Protected

Renters that are living in homes that are going through foreclosure now have some protection from having an eviction sprung on them. Tuesday, Senate bill 491, which State Representative Jason Conger of Bend sponsored, passed in the House. The bill aligns Oregon law to the more protective federal laws and provides better notice to tenants of their options throughout the foreclosure process. Conger says this bill is good for tenants, who now have more explicit detail of their rights and it's good for lenders and purchasers of foreclosed properties to have greater clarity in the law. The bill now moves to the Governor's desk for signature.

 

 

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