Sunday, October 21, 2007

Foreclosing On Renters

I'd say it is broad-based.

And, as usual, it's always the poor who get ripped.

Don't you just love Amurka?

"Massachusetts foreclosure crisis places renters at risk"

"The foreclosure crisis increasingly is claiming the homes of people who never made the mistake of taking out an unaffordable mortgage: renters.

Hundreds of tenants in foreclosed buildings have been evicted or are facing eviction by mortgage companies that do not want to be landlords.

The one-two punch of foreclosure and eviction often thrusts three or more families into a sudden housing search. The foreclosures are concentrated in lower-income neighborhoods. The evicted renters are often already struggling to afford the state's expensive housing.

Rafael Matos, 47, received an eviction notice in July from a company that represented the new owner of the three-decker off Dudley Street in Dorchester where he has lived for almost five years. The other two tenants in the building left quietly, Matos said. But Matos, a restaurant cook, is fighting the company in court.

"I pay my rent on time and I have to leave this place?" he said. "Come on. How am I going to find a new apartment?"

Matos is a tenant at will. He can be evicted on short notice. But even having a lease is no protection against a post-foreclosure eviction. Under Massachusetts law, foreclosing owners are not required to honor leases signed by the former owner." So get the fuck out, poor person.

This is really going to bolster the homeless roles, 'ey?

What a SHIT SOCIETY!!!