legislation: 113-hr-5396

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bill_id congress bill_type bill_number title policy_area introduced_date latest_action_date latest_action_text origin_chamber sponsor_name sponsor_state sponsor_party sponsor_bioguide_id cosponsor_count summary_text update_date url
113-hr-5396 113 hr 5396 Keeping Families Home Act of 2014 Housing and Community Development 2014-08-01 2014-08-01 Referred to the House Committee on Financial Services. House Rep. Lujan Grisham, Michelle [D-NM-1] NM D L000580 0 Keeping Families Home Act of 2014 - 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. 2023-01-11T13:25:41Z  

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