Wednesday, August 13, 2008

Apartment renters caught in foreclosure net

Defender:
Like so many Black homeowners struggling to keep their homes, the foreclosure crisis is also affecting many Black renters.

There were 90,782 foreclosure filings in Illinois last year, a 25 percent increase from 2006, according to RealtyTrac Inc., a California-based real estate company that tracks foreclosure activity in 50 states. Cook County is the largest county in the state with a population of 5.3 million, and it recorded more than 30,000 foreclosures in 2007.
Renters aren't even safe.

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