CBS Evening News On Tenants Losing Their Homes In "No-Fault Foreclosure Evictions"

The CBS Evening News recently ran a story on tenants facing evictions due to rent skimming landlords who are facing foreclosure of their investment properties. Featured in the story is an Oakland, California area woman who is shortly expecting to give birth and has been given 30 days to vacate the premises. According to the story, thirty-eight percent of foreclosures now involve rental properties, estimated to be at least 168,000 households nationwide. In states as Nevada, Illinois and New York, the numbers are closer to 50%.

For the story, see Renters Caught Up In Foreclosure Crisis (38 Percent Of Foreclosed Properties Are Rentals, And Most Banks Won't Allow Tenants To Stay) (read story) (watch video).

For other posts involving the problems tenants face in homes in foreclosure, go here, go here, go here, go here, and go here. equity skimming unwittingly epsilon