Tenants Face Eviction
When Their Buildings
Go Into Foreclosure
By KELLY EVANS Wall Street Journal
October 11, 2007
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.