Renter Pays Price for Landlord's Mortgage Default

Imagine returning home after working a 12-hour shift only to find an eviction notice on your door. It says your landlord has lost the house to foreclosure. That's what happened to Reno resident, Yvonne Johnson. Unfortunately this is another side effect of the sub-prime mortgage crises causing foreclosures across the county. Renters who earnestly pay their bills are being blind-sided by landlords who have defaulted on their mortgage payments.

"We moved in March 12th, of this year,” said Johnson “… I came home from work a couple days ago and there was this notice on the door saying we had to get out. I was shocked I didn't even know what it was so I called them and they told us the house was in foreclosure."

Johnson and her husband hadn’t missed a single bill, now they only have three days to get out of the house. Adding insult to injury, they aren’t likely to recover their damage deposit or the rent they’ve already paid for the rest of the month. Yvonne has not sought legal help. She’s hopeful a local real estate agency, selected to handle the sale of the house, will make good on a promise to help with their tight situation. According to Johnson, "they said as soon as they get in touch with the bank they'll let me know if they're going to help."

Even though she’s a senior, Johnson still works 12 hour shifts, 7 days of the week. She says her husband is disabled and that also adds to the challenge of moving a houseful of items. For now, they are looking for somewhere to go… but how they will get there, and who will cover the cost remains in question.

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