“Losing a home to foreclosure can be devastating. Typically, homeowners come to mind when we think of foreclosure. But the fact is, many foreclosed properties are places that renters call home, too….
The Oregon Legislature is working on Senate Bill 952 to protect tenants whose homes are in danger of foreclosure. This bill would require that in addition to the property owner, tenants be provided with foreclosure notice. Tenants without a lease would receive 30 days notice. Tenants with a lease would receive up to 60 days notice. SB 952 also protects tenants’ security deposits, requiring that landlords in foreclosure apply the deposit toward rent. The bill gives tenants time to look for a new home and save money for expenses….” (read full editorial)
Excerpt: “Requires purchaser of foreclosed property to give additional notice to tenants living on property when purchaser intends to take possession of property. Creates different notice procedures for different types of tenancy. Modifies information to be included in notice. Creates other procedures related to taking possession of property.Allows tenant who receives actual notice of foreclosure to apply security deposit or prepaid rent to pay rent obligation….” (read full bill)
What is an engrossed bill? See the Oregon Legislature’s Glossary and find these definitions, among others:
Engrossed bill: A measure that is printed with its amendments included. Such a bill will have “A (or B or C, etc.) Engrossed” printed at the top, which is a signal to legislators before a vote that the bill before them has changed from its original version.
Enrolled bill: A final copy of a bill which has passed both houses of the Legislature and has been specially reprinted in preparation for the signatures of the President of the Senate and the Speaker of the House. After these confirmatory signatures, the enrolled bill goes to the Governor.