Projo 7 to 7 News Blog

Maybe if these people would get jobs and go to work instead of forming blockades we wouldn't have such a problem with foreclosures.

Many of these people have jobs. It's their landlords who are not paying the mortgage even though they collect the rent. Tenants don't have any rights in a forclosure even though they have paid their rents. With the economy the way it is, where would those without jobs be able to find them? RI has tied Michigan for the highest unemployment rate.

hey JD,

Could you come off your high-horse and read a little closer. If you did that before making your comment, then you'd see that the issue at hand is RENTERS complaining that they have been paying their rent, BUT being evicted because the landlord was not paying their mortgage.
Your totally missing the point of their complaint.

This has nothing to do with "jobs", your comment is just plain ignorant. The landlords have no obligation, legally at the moment, to notify the renters that the home has been foreclosed. Thus people are getting caught off-guard and unprepared for the fact they have to move fairly quickly. To repeat, THEY HAVE BEEN PAYING THE AGREED UPON RENT.

Anyone who's rented in their lives can understand the situation. Well, that is if they take the time to READ into it for 2 seconds.

The problem with this is what happens when tenants don't pay the rent? It takes 3-6 months to evict someone. I think landlords that are good and fair just want equal treatment. If you are going to make it more difficult to evict people, landlords will have to be more drastic in their approach in screening tenants and ultimately getting them out. Everyone needs to admit that there are bad people (both renters and landlords) and move on from there.
But if you stop evicting people, there are going to be more issues for renters in teh future.

My point was these people always seem to have time to sit and demonstrate and form blockades while the rest of us are at work. While I feel for the renters who are blindsided by the evictions, until the law is changed to protect them, the banks have a LEGAL right to proceed with the foreclosure.

JD:

Are you ruling out the possibility that these people have second shift or graveyard shift jobs? You seemed to have assumed that these people are deadbeats. Perhaps they work just like you and me and feel more deeply committed to this injustice than you. The article is not talking about deadbeats, it is talking about families who have paid their rent while the landlord obviously for whatever reason failed to pay the mortgage. Yes, a notification law with penalties needs to be enacted. However, that does not mean the mortgage company or bank should be on the hook. The Landlord does!

No idea could have a more chilling impact on the availability of rental housing than an eviction moratorium. People want a secure residence? Buy one and pay for it! Communism rears its ugly head yet again....

We are a preservation company in Colorado. We have first hand seen the surprise and pain that these negligent landlords and pyramid investors leave behind. Since in many cases we are sent to properties prior to eviction we come face to face with surprised occupants who are victims to a stream of events beyond their control.
The solution would be stricter laws that would dissuade landlord from such activities, similar to selling drugs within school limits or raping a minor, because these crimes affect the lives and welfare of innocent people who are being blindsided by theses predators.

Kenyonfoe, please re-read the article:

"We want to bring together both tenants and home owners to put a moratorium on foreclosures altogether."

The proposed moratorium is on foreclosures, not eviction. Furthermore, not everyone wants to or needs to own a home - I personally never wasnted to and never will. Renters are due some sort of protection from having their residence torn out from udner them when they have been paying their fair share, but the landlord decides to do something else with the monies they collect rather than pay their mortgage. They should not be penalized for the property owners lack of responsibility.

I think the key to this situation is information. Blocking a home because you think you will be evicted is not effective or practical. I am a Broker and have many mult-family homes owned by lenders. NOT ONE of my tenants have been forced out after the foreclosure. They have been evicted later for non-payment of rent, but not because of the foreclosure. Lenders want tenants the help to offset the carrying costs, keep the home occupied, which deters crime and vandalism. As per the management side it cost a lender far less to manage a property than to repair it. Most of the properties I have sold the buyers want the tenants in because they are paying rent. In some occasions the property requires such extensive repairs that they are asked to leave while it is being fixed. The key to working through this situation is making sure the lender has hired a competent Real-estate firm that is capable of property management and Brokerage. Most are not. It is in the Brokerage firms that we have the problem. They do not want the hassle of management, repairs ect. But if you have a firm that can stabilize the property keep or add tenants. The property sells for more and we begin to recover. If not we have a long road ahead with more declining values. We all need to work together to get through this. Blockades, sit-in, forcing action through legislation are all adversarial.

Right On!! Just as in the case of the Chicago workers who got Bank of America to cave and start lending to their company again, Power to the people!! and standing up for what is right.

"We, as a people, will get there."
----Barack Obama