This story on CNN.com made me mad.
Renters are being affected by this foreclosure mess, too. In the article, one family dutifully paid rent on time. They’re probably going to get kicked out of their home, because the owner of the rental house is behind on the mortgage. Good grief. The family will lose their home and their $7k security deposit.
The same thing is happening to a single mother of eight children, also mentioned in that story.
It’s really a shame when a family does their best by renting a house (and avoiding a mortgage they can’t afford), and paying their rent on time, and get kicked out anyway.
My husband and I are renters in an apartment complex, and I feel it’s less likely that the apartment company will go into foreclosure. But nothing is guaranteed.