More than 1,000 Stockton tenants will get a letter in the mail this
week warning them that their landlord is in trouble with the bank.
The letters are coming from Tenants Together, a statewide organization for renters' rights, and are focused on
Stockton because nearly half of the city's foreclosures are rentals.
Tenants Together scoured property records to generate a list of
non-owner occupied homes that are in various stages of foreclosure.
"Most tenants in foreclosure situations are blindsided by the
foreclosure," program coordinator Gabe Treves said. "They pay their rent
every month, and they think as a result they will continue to be able
to live in their homes."
Federal law requires a minimum 90 days notice following a foreclosure
sale before tenants can be forced to move. Tenants with leases may
continue living in a bank-owned home through the end of their lease
unless the new owner intends to occupy it.
Treves said many real estate agents and attorneys representing banks
try to bully tenants into moving out of their homes before they really
Any California renter is invited to call the Tenants Together hotline
at 888-495-8020 to see if their landlord is facing foreclosure.
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