Renters also are losing homes to foreclosure

April 30th, 2008

The foreclosure crisis is causing hardship, not just for homeowners but for an unknown number of renters. The Houston Chronicle today tells the story of a contractor who rebuilds Louisiana homes damaged by Hurricane Katrina, now facing eviction because the house he rents in Houston was foreclosed on.

Sapna Aiyer, a Houston legal aid attorney, told the Chronicle that new owners in Texas aren't required to continue leases that previous owners signed. Even tenants who are up-to-date on payments can be given just 30-days written notice to vacate.