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| Governor signs bill protecting tenants from sudden foreclosures |
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| News - Community News | |||
| Written by Press Release | |||
| Friday, 10 July 2009 15:15 | |||
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Gov. Jay Nixon on Friday, July 10, signed House Bills 836 and 753 into law to protect Missouri families from sudden foreclosures during these difficult economic times.
Under the new law, tenants of a residential property must be given written notice when the property has been foreclosed. If the new owner plans to seek possession of the property, the current tenants must be given at least 10 days from the date of notice to vacate the premises. Previously, notice of foreclosure was only given to the owner of a residential property and often was not passed on to tenants legally residing at the property. This caused many families to be evicted without notice, and in some instances, without alternative housing arranged. “During these difficult economic times, more and more homes and properties are being foreclosed every day,” Nixon said. “This bill will help to ensure vital protections for those who rent their homes. The impact that a sudden foreclosure can have on a family is devastating and cannot be ignored. This bill will make a real difference for Missouri families.” The bill received bipartisan support in both the Missouri House of Representatives and the Senate.
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