There are photos on AOLNews this morning of an Adams County, Colorado (northeast side of Denver) family who was evicted from their rental house because the owner had stopped making mortgage payments. The family was apparently current on its rent payments to the owner!
Photos showed an eviction crew hired by the lender and monitored by a sheriff's deputy, while they removed everything from the house which the bank had foreclosed on.
I'm not for a lot of new laws, but there should be Federal and State laws that protect renters in a situation like this. These laws should require advance notice to tenants of houses, apartments and commercial buildings, when an owner begins to fall behind on his mortgage payments.
The owner is basically stealing from his tenants, when he receives their rent but fails to make his mortgage payment. When he loses his property, then the tenants will be evicted. Foreclosure usually takes months to happen; in the meantime, tenants don't have a clue that their residences are at risk.
Property owners who engage in these tactics deserve to be in jail.
Thoughts? Write your U.S. Congressman and Senator. Write your State Senator and State Representative.
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