Tuesday, March 3, 2009
Resources for Renters in Foreclosure
Yesterday, MPR ran a story on a number of investor owned properties that have fallen in to foreclosure on the North side of Minneapolis.
These properties that have gone into foreclosure highlight another group of people affected by foreclosure through no fault of their own: renters.
The Minnesota Home Ownership Center's network of foreclosure prevention specialists can ONLY assist homeowners whose primary residence (no investment or second properties) is in foreclosure. But that doesn't mean that renters in a foreclosure situation are left to fend for themselves... There is a network of organizations that can assist!
Here's some important contact information if you are renting a property - and your landlord is unable to make the mortgage payments:
If you live in the city of Minneapolis, Contact:
Legal Aid of Minneapolis . . . . . 612-334-5970
If you live in Ramsey, Washington, Dakota, Scott or Carver Counties, Contact:
Southern MN Regional Legal Services. . . . . 651-222-4731
If you live in Southern Minnesota, Including Albert Lee, Mankato & Rochester, Contact:
Southern MN Regional Legal Services. . . . . 888-575-2954
If you live elsewhere in the State of Minnesota, Contact:
HomeLINE. . . . . 866-866-3546
Here are some additional resources you may find helpful:
The Family Housing Fund has published a brochure to help renters whose landlords are in foreclosure: Tenants and Foreclosure: Know Your Next Move
HousingLink has created a page with information for renters in a foreclosure situation, as well as a number of helpful links to additional services: http://www.housinglink.org/Renter_Foreclosure.htm
Another document, produced by the Legal Aid Society of Minneapolis, gives an overview of renter's rights and responsibilities during a foreclosure: When Your Landlord Loses the Building: Mortgage Foreclosure
1 comment:
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This article is very timely and relevant. As I quote Cameron Muir, an economist, "Home sales are unlikely to fall much further..That being said we expect home sales not to decline much further."
ReplyDeleteBut it's never too late, with the right business plan set up, it will lead to valuable outcome. This is what most counselors would give as an advise.