Saturday, May 17, 2008

Unpaid Self-Storage Bills Causing Many Already Hit With Foreclosure To Lose Their "Stuff"

The New York Times reports:
  • The foreclosure crisis is hitting yet another American locale: the self-storage center. As they lose their homes, people are turning to these humble cinderblock and sheet-metal boxes to store their stuff. But some people cannot keep up with their storage bills any better than they could handle their mortgage payments, and storage companies are auctioning off their property for a pittance.

For more, see Losing a Home, Then Losing All Out of Storage.