UPDATE: The federal Protecting Tenants at Foreclosure Act was restored without expiration, effective June 23, 2018. This federal law must be read in conjunction with G.S. 45-21.29 and G.S. 45-21.33A provisions. The full text of the PTFA is available here.
UPDATE #2: In response to the restoration of the federal PTFA, Session Law 2019-53 repealed G.S. 45-21.33A and references to G.S. 45-21.33A in G.S. 45-21.29.
The protections afforded to tenants in foreclosure proceedings under the federal Protecting Tenants at Foreclosure Act (PTFA) of 2009 ended on December 31, 2014. The act expired and Congress did not extend it. Effective October 1, 2015, the North Carolina General Assembly enacted a law that partially fills the hole left by the expiration of the PTFA. This post covers some of the key changes and protections resulting from a new section G.S. 45-21.33A created by S.L. 2015-178 (H 174). Continue Reading