Knowledge Base: Industry Insight

Foreclosures and Rental Housing

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Since early 2007, the mortgage industry melt-down has generated an unprecedented number of foreclosures in California. While the greatest impact has been on owner-occupied, single family homes, some experts estimate that 20 to 25 percent of the homes facing foreclosure are tenant-occupied.  In California, prior to July 2008, a foreclosure voided a lease (with limited […]