San Antonio Foreclosure Crisis also Affecting Renters
Posted by Richard Soto on
Many think of only the homeowners when they hear of the record number of foreclosures across the country. However, it is often the renters that pay in this brutal real estate market. Many renters, for example, have been evicted from their homes because the owners of the homes in which they are living are foreclosed upon. Many times, it is the renters that receive a notice of eviction, not from their landlord, but from the lender that foreclosed on the home. And, unfortunately, many of these renters find themselves without homes and without their security deposits. In addition, because of the high foreclosure rates, many cities, including San Antonio, have seen rent prices increasing sharply and vacancy rates dropping.
Across the country, vacancy rates…
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