One of the problems that made the already worsening foreclosure problem is the inability of renters to protect themselves from eviction once the property they are renting is foreclosed. All that is a thing of the past now as President Barack Obama signed a housing law that will allow, albeit temporarily, renters to stay in their landlord’s homes after foreclosure.

The new law will at least provide a temporary home for renters at least through the end of their lease and an additional 90-day period after that before they will be forced to leave the house. If there is no lease then renters will still have 90 days to stay in the foreclosed home unlike before when they could evicted even sans notice. National Low Income Housing Coalition deputy director Linda Couch said renters had no protection at all prior to the enactment of this law.

The Coalition reported that there are renters occupying at least 40% of all foreclosed homes in the country and the new law could aid them in making the necessary adjustments before they are turned away from their rented properties. Now, renters no longer have to bear living in bad neighborhoods just so they have a rood over their heads.