On May 20, 2009, President Obama signed into law a bill containing provisions protecting tenants living in foreclosed buildings. (The Protecting Tenants in Foreclosure Act is Title VII of Public Law 111-22).
These provisions immediately went into effect and are “self-executing”, so no federal agency (such as HUD) is responsible for making them work. It is up to advocates to make sure that tenants, landlords, public housing authorities, courts, the legal community, and others involved in the foreclosure process are aware of these new rights for tenants.
Renters in foreclosure toolkit (for tenants and advocates)