7-Year Old Says He's "A Homeless Hobo" As Grandmother, 5 Grandkids Victimized By Rent Skimming Landlord Facing Foreclosure

In Las Vegas, Nevada, KLAS-TV Channel 8 reports:

• While banks are hit hard by home loans that are defaulted, innocent and unknowing renters can also get drawn in to the trouble. One local woman found out the hard way and now she and her family have to find a new place to live. Marlina Pearce rented her home for the last three years. But the bank is taking it over because the homeowner didn't pay the mortgage. The sad part is, this couldn't come at a worst time and she can't do anything about it but pack up and leave.

• "We're going to be losing everything -- everything is going to be different," said Pearce. She's the latest victim of the growing foreclosure crisis in the valley. [...] Her biggest dilemma is how to care for her five grandchildren she's in the process of adopting, "He's seven and he's telling people he's a homeless hobo now."

For more, see Grandmother, 5 Grandchildren Evicted.