Friday, January 28, 2011
Third Annual Foreclosure Report Released: 200,000 California Tenants Affected by Foreclosure Crisis in 2010
Earlier this week, Tenants Together released its third annual report, California Renters in the Foreclosure Crisis. The report highlights recent foreclosure-related developments affecting tenants, quantifies the impact of home foreclosures on tenants in 2010, and makes recommendations to strengthen protections for tenants in foreclosure situations.
Tenants Together conservatively estimates that in 2010, at least 38 percent of residential units in foreclosure in California were rentals, directly affecting over 200,000 tenants, most of whom were displaced from their homes. The report quantifies the impact of the foreclosure crisis at the state and county level.
Tenants Together's annual foreclosure reports are designed to shed light on the plight of tenants in foreclosure situations and offer solutions to the ongoing crisis.