renters facing foreclosure
Started by Riversider
over 14 years ago
Posts: 13572
Member since: Apr 2009
Discussion about
http://www.marketwatch.com/story/renters-can-search-their-home-for-foreclosure-notices-for-free-at-checkyourlandlordcom-2011-11-30 DENVER, CO, Nov 30, 2011 (MARKETWIRE via COMTEX) -- As housing values continue to decline, rental rates are rising in many areas of the U.S. Property owners, many of whom have become "accidental" landlords due to the inability to sell their residences, often remain... [more]
http://www.marketwatch.com/story/renters-can-search-their-home-for-foreclosure-notices-for-free-at-checkyourlandlordcom-2011-11-30 DENVER, CO, Nov 30, 2011 (MARKETWIRE via COMTEX) -- As housing values continue to decline, rental rates are rising in many areas of the U.S. Property owners, many of whom have become "accidental" landlords due to the inability to sell their residences, often remain underwater on their mortgages, and despite their rental income are unable to continue to keep up with their mortgages. Renters become the unfortunate and innocent victims in these cases, as they may find themselves in a rental property with plans to stay for many years, facing a 90 day eviction notice when the property is sold in foreclosure. Even worse, stories abound in the press of renters who are served eviction notices stating that they have only days to vacate the property, throwing their lives into turmoil as they may not know about the laws which protect them in foreclosure situations [less]
The National Low Income Housing Coalition estimates that "40 percent of families facing eviction due to foreclosure are renters and 7 million households living on very low incomes are at risk of foreclosure
http://www.huffingtonpost.com/mira-luna/from-foreclosure-to-legal_b_1119199.html
You lost me at the byline that read, "Denver, CO". This is Manhattan.