Roughly 37% of single-family residences in California that are in foreclosure are rental units, according to a new report from Tenants Together, a consumer advocacy group for renters' rights. The organization says more than 200,000 renters in the state "were directly affected by home foreclosures in 2009 alone, most of whom have been displaced from their homes." Tenants Together noted that the foreclosure rate on California apartment properties spiked by 70% last year-but only on buildings with rental units of five or more.
Processing Content
