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Saturday, May 9, 2009
A bill designed to protect tenants in good standing from getting tossed out of their residence as a result of a foreclosure of the property they rent passed through the state Senate yesterday by a fairly comfortable 38-to-24 margin.
But the Democratic Senate Campaign Committee wants everyone to know the bill passed without the help of a gang of 24 Republicans, which includes Long Island state Sens. John Flanagan, Charles Fuschillo, Owen Johnson,Kenneth LaValle, Carl Marcellino and Minority Leader Dean Skelos.
From a DSCC:
This bill provides better notification and increased protections for tenants in good standing who are facing an eviction as a result of the foreclosure of the property they rent.
Currently, lenders only notify property owners of foreclosure, leaving many tenants with as little as a few days’ notice to move by way of a marshal’s eviction warning.
This legislation protects renters, including those who pay on time, by requiring lenders of homes in foreclosure to notify all occupying tenants with 90 days’ notice so that the tenants may have enough time to make alternate living arrangements instead of suddenly becoming homeless.
On Long Island, foreclosures in the first quarter of 2009 spiked 77 percent over the same period last year. On average, about half of foreclosures in New York State affect renters.
Six Republicans joined Democrats in support of the bill, which now should pass the Assembly.