Nov 9, 2009

Renters aided if landlord defaults

Crystal Johnson had no idea her landlord had financial trouble until police taped an eviction notice to the door of her Sandy Springs condominium in June.
About a year into her two-year lease, Johnson faced the prospect of being forced out of her home because a bank had foreclosed on the landlord, who was in default on a loan.
“They treated me like I was in default,” Johnson, a music producer and songwriter, said. “But I wasn’t in default.”
As banks and finance companies seize an expanding portfolio of residential properties through foreclosure, tenants can find themselves facing eviction from their homes.
A federal law enacted in late May, however, has eased the pain for renters such as Johnson, a single mother raising her high school aged daughter and a nephew
Source:- http://www.ajc.com

11 comments:

Home Remedies said...

How sad!! treated default without even knowing the real reason.
I'm from Bridgeport Single Family Homes concern about the issue.

jody.su said...
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Millenia opinion said...

Such an unfortunate situation. Laws are often unfair towards the neediest in the community.
Milenia man

Anonymous said...

Sometimes life is pretty tough.The important thing is not to lose your hope.Best wishes!


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SamantaVan said...

Ohh , what a bad luck , this is a very unpleasant situation , she took all the negative attitude , and had any fault...It's not fair!

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Collins said...
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Self L said...
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AnnaMan said...
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MaryAlexander said...
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