Thursday, October 11, 2007

What Mortgage Crisis?


Fox Bidness Journal:

The mortgage mess is claiming a new group of victims: renters.
Across the country, a rising number of landlords are falling behind on mortgage payments, sending their properties into foreclosure, according to legal-services attorneys, local officials and financial experts -- and in many cases, their tenants are being forced out of their homes. Often, the tenants' first inkling of trouble occurs when they get a letter from the bank directing them to leave the premises.
[more]

(Photo credit.)

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