Monday, November 19, 2007

Never miss a payment, still end up homeless

As a renter, this article caught my attention.

As Owners Feel Mortgage Pain, So Do Renters
(Note: To log in to the NY Times website, you will need an account. If you don't have one, you can one from Bugmenot.com Username: siemens2 Password: siemens)
In the foreclosure crisis of 2007, thousands of American families are losing their homes without ever missing a payment. They are renters in houses whose owners default on their mortgages — a large but little noticed class of casualties.

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