Foreclosure crisis could hit Brooklyn renters

BROOKLYN - Some Brooklyn tenants, who paid their rent on time each month, could be kicked to the curb this Christmas as a result of the foreclosure crisis.

Elected officials say many renters in the city are not aware their homes have fallen into foreclosure. They say tenants could be evicted because the landlord and homeowners who rent their properties are the victims of foreclosure.

State Sen. Jeff Klein says more than 500 evictions will take place in New York City this month. He says as a result, hundreds of tenants could be innocent victims of the foreclosure crisis. Klein has proposed a bill that would force banks to give tenants a least 120 days before they must vacate a foreclosed home.

A 2008 study by the National Low Income Housing Coalition says nearly half of all foreclosures in New York will involve rental properties.

advertisement | advertise on News 12

Trending Video

Police say they're investigating after a body was 1 Police: Man found dead inside vehicle
2 Neighborhood Brief for April 23
Police are searching for the suspect who they 3 Police search for suspect in string of burglaries
Teens, parents and community organizations marched from the 4 Organizers march to bring awareness to teen dating violence
Hundreds of New Yorkers gathered Saturday for the 5 New Yorkers get spicy at 5th annual Hot Sauce Expo

advertisement | advertise on News 12

Features

Sorry to interrupt...

Your first 5 are free

Access to News12 is free for Optimum, Comcast®, Time Warner® and Service Electric℠ video customers.

Please enjoy 5 complimentary views to articles, photos, and videos during the next 30 days.

LOGIN SUBSCRIBE