Save your Home, May 2009, Congress Enacts Unprecedented Federal Tenant Protection

Posted By Abe Schwarz on July 7, 2009

It’s about time Congress did something to protect the tenant when caught in a foreclosure they had nothing to do with. It’s Senate Bill 896 (Helping Families Save Their Homes Act of 2009) signed into law on May 20, 2009. Title VII of this act is called PTFA…everything is an anacronym. The new law can be found at http://www.combslawgroup.com/NewsDetail.aspx?NewsId=20 Certain criteria does exist for the law to benefit the tenant and to be “bona-fide” you must pass a litmus test of basically four different criteria. Want more…..read the law as indicated above or write me and I’ll give you a clipped version.

About the author

Abe Schwarz

Started in New Home Sales in 1970 in Rochester Michigan after graduation from Brooklyn College with a BS in Geology. After a short time I obtained my own Builder and Brokers licenses. Relocated to Sunny Valley of the Sun, Scottsdale AZ in 1979 and have been here since. I'm deeply involved and committed to the Arizona Regional Multiple listing Service, ARMLS, and have had the honor of being on the Board of Directors for apprx 20 yrs as well as the priviledge of serving 2 terms as its President. I am presently an Broker Associate with John Hall and Associates and have earned the C.R.S., G.R.I., C.L.C. designations. My other loves other than my wife and 3 grown children are playing racquetball, golf, catching a movie, reading a good adventure book, sing in the choir and a fullfilling time teaching Sunday School.

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