Fannie: No Comment On Affect Of New Federal Protections For Tenants in Foreclosed Homes

In Hartford, Connecticut, the Hartford Courant reports:

• Fannie Mae still won't comment on how it will be affected by new federal protections for tenants living in some foreclosed properties, but the mortgage giant said Tuesday that it already tries to help renters who face the loss of a place to live. [...] Fannie Mae's policies on evictions jumped into the spotlight last week after Greater Hartford Legal Aid challenged the agency's move to evict Evelyn Colon, a single mother living in a recently foreclosed property on Marshall Street in Hartford.

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• Legal Aid lawyers invoked a provision in the $700 billion financial services bailout legislation that protects tenants in foreclosed properties that are under the control of federal agencies.(1)

For more, see Fannie Mae: Goal Is To Avoid Evictions (if link expires, try here).

For earlier information on this story, see:

• Hartford Tenant Fights To Stay In Home After Foreclosure,
• Connecticut Renter Facing Foreclosure Eviction Invokes New Bailout Law In Attempt To Fight Off Fannie.

(1) Section 109(b) of the Federal bailout bill may require the U.S. Secretary of the Treasury to work with the F.H.F.A. and other government entities to permit tenants like Evelyn to remain in their apartments after foreclosure. BetaTenantRentSkimming