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New legislation favors tenants in landlords’ foreclosure (access required)

By Bea Quirk CHARLOTTE — As a result of changes in both federal and state laws, Charlotte’s Crisis Assistance Ministry has seen a significant decrease in the number of tenants being evicted after their landlords’ properties go into foreclosure. “The legislation has absolutely improved the situation for tenants,” said Carol Hardison, executive director for the non-profit organization that serves low-income residents. “The number of these incidents has gone way down. Two or three times a week, we’d see people pay their rent and then a few days later get kicked out after the building was foreclosed on. And there was nothing we could do about it.” That decline is a significant accomplishment during a time when the number of homes, duplexes, small apartment buildings and large complexes going into foreclosure is still on the upswing.

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