To strengthen and standardize "first look" protections for covered properties to ensure first-time homebuyers have priority access to foreclosed homes, and for other purposes.

# HR 7753 Summary **What the Bill Would Do:** This bill aims to give first-time homebuyers priority access to foreclosed homes before investors or other buyers can purchase them. Currently, different rules apply in different areas for how long foreclosed properties must be offered to first-time buyers before being sold to the general public or investors. The bill would standardize and strengthen these "first look" protections across the country to make the process more consistent and give new homeowners better opportunities to purchase foreclosed properties. **Who It Affects:** The bill primarily benefits first-time homebuyers by giving them a window of time to purchase foreclosed homes before larger investors or experienced buyers can bid on them.

It could also indirectly affect real estate investors and banks that manage foreclosed properties, as their access to these homes would potentially be delayed or restricted. **Current Status:** HR 7753 was introduced by Republican Representative Tom Barrett of Michigan in the 119th Congress and is currently in committee, meaning it has not yet been debated or voted on by the full House of Representatives. The bill has not yet advanced further in the legislative process.