Today’s Oregonian has an editorial by Oregon Senator Bonamici and Portland City Commissioner Nick Fish about Senate Bill: 2009 SB 952 (A-Engrossed) in PDF or HTML:
Excerpt from the editorial: Renters, too, can face the hit of foreclosure:
“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….
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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)