If You’re Facing Eviction, You Have Renter Rights
As a renter, you have rights that protect you and your home. You also have access to support and assistance if you fall on hard times. If you’re facing eviction, it’s important that you understand your protections.
See how your rights apply in these three most common eviction experiences
Know your renter rights when the property you live in is facing foreclosure
You may have options and protections, such as the Tenant-in-Place Rental Program.
The Tenant-in-Place Rental Program
If you’re renting a Fannie Mae financed home at the time of foreclosure, you may be eligible for the Tenant-in-Place Rental program. The program can help you continue to lease the home for a period of time, providing relief from the foreclosure process and time to transition to new housing. In addition, you may also be eligible for financial relocation assistance.
With this protection, there are two lease options:
- Sign a new lease. Eligible renters who want to stay in a rental home that has been foreclosed and is owned by Fannie Mae may be offered a new lease. This would be market rate in a month-to-month or term structure.
- Keep your current lease. Some tenants may be permitted to remain in their home under existing lease terms. Fannie Mae will manage the property through a real estate broker or property management company.
If you’re in a rental that meets the criteria for this program, your property should be posted with a “Knowing Your Options” letter, which includes contact information for a Listing Agent who can help you understand the options relevant to your situation.
More to explore
How to Find the Rental Assistance You Need
Learn what resources are available to you if you are having trouble paying your rent. A housing counselor can explain the programs and options available to you.Learn more
How a Housing Counselor Can Help You
If you're experiencing financial hardship or the aftermath of disaster, talk to a housing counselor. They can help you create a plan and learn about your options.Learn more