Renters Face Rapid Eviction as Foreclosures Soar

The subprime mortgage crisis continues to claim casualties, and some of them aren’t even homeowners.

In California, scores of renters are being kicked out of their homes, even when they haven’t missed a single rent payment.

Shirley and William Hayes love the house they’ve been renting in a comfortable subdivision outside San Francisco. Even so, they’re moving.

“I have been packing. I have almost all of the linen done. We’re eating out of paper plates, plastic forks, spoons and knives,” Shirley Hayes says.

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Posted in * Economics, Politics, Economy, Housing/Real Estate Market