CNN On Tenants Losing Their Homes Due To "Foreclosure Eviction"

CNN.com reports:

• Alice Mills signed her lease in February, thinking she would have a nice place to stay for the next year, until she could make her way into a senior citizens' community. [...] Then in July, Mills got a rude surprise when she came home from a hospital stay to find a sheriff's notice on the door, saying the house had been foreclosed and she must call about being evicted. Mills says her landlord told her not to worry because he would "take care of it," so she ignored other letters and notices that came to the apartment. Not until a sheriff's deputy showed up on November 13 did Mills take the eviction notices seriously. He told her she had to be out of the house the next day.

For more, see Foreclosure fallout: Renters forced out of lost homes.

Go here to watch CNN video report, Evictions surprise renters (CNN's Gerri Willis reports on why renters are becoming victims of the mortgage crisis).

For similar posts involving rent-skimming landlords who pocket rent and allow homes to go into foreclosure, see Tenants Unwittingly Renting Homes In Foreclosure I , II , III , and IV; and "Rent To Own" Scams I. equity skimming unwittingly gamma