Thursday, May 29, 2008
Not just the Landlords suffering.
Charles Nelson has paid about $30,000 in rent since moving into a spacious four-bedroom home in August. He was stunned when a real estate agent knocked on his door recently and said the home was in foreclosure. His landlord had not paid the mortgage since he moved in and the bank is now demanding the house back. Nelson will also lose his $7,700 security deposit. When he confronted the landlord, he says, he was given a terse response: "That's none of your business." Other victims of HPC to think about !