Renters Lose Out in Foreclosure-Related Evictions

The DAily News reports that as foreclosures and evictions rise all over the city, many of the victims are renters--NYU's Furman Center for Real Estate and Urban Policy counts 38,000 were affected. And in many cases, "renters have been given just weeks to find new digs, while unscrupulous landlords collect rents for homes they no longer own." In one case, some tenants told a judge they had no idea their landlord didn't own the building anymore--and after paying their September rent, the landlord "told them she would keep their security deposits as payment for October rent." Even the bank's lawyer believes they are innocent victims!

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By Jen Chung in News on November 5, 2008 5:04 PM

Comments [rss]

FelixtheCat & Christine Quinn'

they had to pay rent anyhow but if the banks were the real owners than they should get back the money from these fake landlords. that is theft.

Splicer

Landlords who no doubt will contribute mightily to the Committee to Re-elect Bloomberg. Thanks Mike.

JacqueMehoff

man that's a tough situation. and the marshal makes out like a bandit on other people's misery. and they get to carry a sidearm.

rcltrh

Because more than likely the amount of the security deposit is over the limit for small claims court, the renters should go to the prosecuting attorneys office and sue these landlords in real court. If the landlord was not actually in possession anymore, the DA should also go for criminal proceedings against them.