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- Renters also are losing homes to foreclosure
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The foreclosure crisis is causing hardship, not just for homeowners but for an unknown number of renters. The Houston Chronicle today tells the story of a contractor who rebuilds Louisiana homes damaged by Hurricane Katrina, now facing eviction because the house he rents in Houston was foreclosed on.
Sapna Aiyer, a Houston legal aid attorney, told the Chronicle that new owners in Texas aren’t required to continue leases that previous owners signed. Even tenants who are up-to-date on payments can be given just 30-days written notice to vacate.
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Original Source
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30 April, 2008| housingblogs |
@ 19:10