To allow homeowners of moderate-value homes who are subject to mortgage foreclosure proceedings to remain in their homes as renters.
Right to Rent Act of 2010 - Grants eligible mortgagors subject to foreclosure proceedings the right to continue to occupy foreclosed properties subject to the payment of fair market rent for a period of five years that begins upon the commencement of occupancy of such property.
Instructs the Secretary of Housing and Urban Development to: (1) monitor compliance with this Act; (2) provide assistance to eligible mortgagors in exercising their rights under this Act; and (3) conduct outreach activities to inform eligible mortgagors of this Act.
Introduced in House
Introduced in House
Referred to the House Committee on Financial Services.
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