Monday, January 5, 2009

Waiting to Be Evicted: An Interesting Facet of the Foreclosure Crisis

A recent article published by online journal MSN Money reveals a unique perspective on the current foreclosure crisis. This article, entitled "When Foreclosure Doesn't Mean Eviction," points out that because the systemic collapse of the housing market has overburdened the housing financial industry, foreclosure does not always guarantee an immediate eviction for many tenants and homeowners in default. Jeffrey Lubell, executive director of NHC's research affiliate the Center for Housing Policy, is one of the experts quoted in this piece.

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