Foreclosures Threaten Renters Too

Indeed, that is exactly what happened to Lisa Brown. She moved her family to a safer neighborhood to start a new life in Long Island, but ended up evicted despite paying rent because her landlord's property is foreclosed.

Therefore, if your landlord is not doing good financially and can't make his or her mortgage payments online you, as a renter are in danger and threatened by your landlord's foreclosure too.

CNN to a report appearing in today's CNN "after living in apartments, the spacious house got her attention immediately. "It was bigger than what I had lived in," she says. Brown was also won over by the neighborhood with its tidy homes and good school district. "I wanted to come here, and I wanted to see my kids graduate from this school district." But they hardly had a chance. Instead, fighting back tears, she says, "I have to get out."

"Brown and her family are being evicted not because of anything they did, but because her landlord defaulted on the mortgage and the house fell into foreclosure. The house was recently sold at auction."

To conclude, it would be a good idea to check with your landlord as to how he or she is doing with the mortgage payments and what are the prospects of a possible foreclosure.

We need a new law that will warn the house or apartment renters about foreclosures earlier. Similar laws are already in place in Ohio, Illinois, Minnesota, Maryland, Rhode Island, Michigan and California.