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Renters face eviction too

7:52 pm By Jennifer Woodard Maderazo · economy

16 Oct 2008

forclosure.jpgIt’s not just home owners that are facing eviction these days. Apparently by some cruel twist of capitalistic fate, people who are renting are facing increased evictions because of the mortgage crisis–landlords are not paying their mortgages on time and rental properties are being foreclosed on as a result.

Tita Mendoza and her husband moved into their Miami Beach condo in June and have been dutifully paying the $1,800 rent on time every month. And yet, they could be evicted any day now.

Last month, the Mendozas were served with court papers notifying them that their landlord was being foreclosed on, meaning the couple could be turned out on the street.

One of the only good things about this mess is that some people with hearts are standing up and doing the ethically correct thing:

Last week, Tom Dart, the sheriff in Chicago’s Cook County, drew the ire of landlords and lenders everywhere when he announced he would no longer send his deputies on court-ordered foreclosure evictions because many of the people being turned out on the street were tenants who had faithfully paid the rent.

On Thursday, Dart announced that his deputies will resume taking part in foreclosure evictions next week, but only with stringent legal safeguards worked out with the courts. Among other things, a bank that is foreclosing on a property must prove it informed all tenants of a state-mandated grace period designed to allow them to look for new housing.

Via MSNBC

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