A blog dedicated to tracking the continuing decline of housing markets throughout the USA. It is a long slow decline. But, decline it will. The speculative episode was simply unsustainable. With special attention to the Washington, DC area. Please join in the discussion.

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The Unnoticed Foreclosure Victims: Renters

Posted on July 23, 2008

MarketWatch reports that homeowners aren't the only people affected by foreclosures. If the foreclosed property is a rental, the renter can often be forced to move on little notice. For low-income renters, this can result in homelessness.Jeremy Rosen, executive director of the National Policy and Advocacy Council on Homelessness, thinks the effect of foreclosures on low-income renters has been underreported. The foreclosure crisis is hitting two groups, Rosen said. The owners of houses and buildings, and the renters that are occupying them. The main issue for Rosen pertains to time: Renters ...

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foreclosures , housing