Keeping Families Home Act of 2015

Summary

Keeping Families Home Act of 2015 Directs each mortgage servicer to establish a deed-for-lease program which shall permit an eligible mortgagor to: enter into a deed in lieu of foreclosure agreement; continue to occupy and lease the property that is the subject of the agreement for one year; and have a right of first refusal to purchase such property after the end of the one-year lease period, if the owner intends to sell the property at that time. Exempts small servicers from such requirement. Requires a lease to carry a monthly rent amount equal to the fair market rent for the property, as determined by an independent private appraiser hired by and paid by the servicer.

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Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 16 April 2015

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• Introduced in House (PDF)

  Introduced in House · EN · 16 April 2015

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• Introduced in House

  summary · EN · 16 April 2015

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