Wikinvest Wire

Renters at Risk

Monday, March 09, 2009

Wow! About 40 percent of all foreclosures are for properties that are being rented. We'll have to keep this in mind when looking for a new place - a report the other day said there are ten new foreclosures every day in Deschutes County, Oregon, where we're headed.

1 comments:

dearieme said...

I feel far sorrier for the tenants than for the owners. I assume that it's nigh impossible for a tenant to assess the risk of an owner defaulting on his mortgage?

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