Wednesday, December 10, 2008

Foreclosures Hurt Tenants Too

From CNNMoney.com - "Tenants victimized by foreclosures":

Imagine faithfully paying your rent month after month, and then having a sheriff at your door telling you that your family has to leave - immediately.

While foreclosures have been hammering homeowners for months, they can be even more tragic for tenants in good standing who are blindsided when their landlord defaults on the mortgage.

Homeowners aren't the only ones losing their homes. This problem runs much deeper than people simply working hard and pulling themselves up from their bootstraps. Just because you're doing well, don't automatically assume that your success is the result of you working harder than everyone else. When you get sucker-punched there's not always much you can do.

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