Eviction can come suddenly for renters in U.S.

[UpInArms]

Source: Reuters

crisis forces more properties into foreclosure, even renters are feeling the pain.

When a landlord cannot pay the mortgage, tenants can face eviction, financial loss and pressure tactics from new owners who want them to move out. And some are ending up homeless.

Teacher Stuart Briggs was plunged into a nightmare when lenders foreclosed on his landlord last year: Utilities were cut off and he endured months with no lights or working toilets.

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Little did they know that, when they signed the lease, the house had been in foreclosure since November. Just one day after they moved in, notice was posted on the door that the house would be auctioned off to pay the debt.

They had paid the landlord $5,500 in move-in costs including $2,200 for an option to buy the house in a year. They also spent $11,000 in moving expenses, Smith said.

Read more: http://www.reuters.com/article/bondsNews/idUSN2427682920080214?sp=true

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omg - the mess that has been made only gets worse -

:shakesheadsadly: