I recently read a news article that brought up a very troubling issue. It seems that many renters are being punished due to the many foreclosures in todays real estate market. I wrote a post on my real estate blog about this issue.
The article shows that as many as 20% of recent foreclosed properties have been against investors that did not live in the property. That number is probably actually higher due to many investors categorizing the property as owner occupied to receive financial advantages.
When the home gets foreclosed on, the renters, even those in good standing, are being forced out of the property. This could become a catastrophy for many as it already has for thousands.
Check out the post Renters Beware on my blog for the rest of the story.
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