Foreclosure’s other victims: Renters

This article was originally on a blog post platform and may be missing photos, graphics or links. See About archive blog posts.

Sfvrealestate has been asking for this, and for good reason. David Lazarus’ column from today’s L.A. Times explains that renters are often victimized in foreclosures -- when a rented house is repossessed, the tenants are usually evicted. As he explains, tenants in some L.A.-area cities have special legal rights to fight eviction, but most of them don’t know that.

By one estimate, a quarter of all foreclosed homes in California are occupied by renters.

Profiled: a 40-year-old renter and father of two who moved out after being promised that at least he would get some ‘cash for keys’ money. One problem: He moved out and didn’t get the money right away, and is having a hard time scratching together enough cash to get into another apartment.

Thoughts? Comments? E-mail story tips to peter.viles@latimes.com.
Photo credit: EPA via LATimes.com