Iraq Vet Unwittingly Rents Home In Foreclosure; May Be Out $4K

In Columbus, Georgia, WRBL-TV Channel 3 reports:

• Imagine signing a lease for a year, then two weeks later being told - you need to move out. Well it happened in Columbus - and its happening around the country. [...] At this point we all know that foreclosures are on the rise - but what you may not know is that if the place you're renting is foreclosed on - there's nothing you can do about it - just ask the Wall family...Master Sgt. John Wall just got back from Iraq - and the place seemed just right.

• “We spent about four thousand just to get in the house - now you gonna tell me I have to pay that (again) and move out.” That's right - just as fast as they moved in - they're moving out - not by choice. Says John’s wife, Shelley, “We find a lease in good faith and 16 days later - we're told we need to find a new place to live?”

For more, see Foreclosing and Renters.