Protections Sought for Foreclosed Upon Renters

“At some level you’re rolling the dice,” says Harold Shultz, senior fellow at the Citizens Housing and Planning Council (CHPC). Even if 90 percent of auctioned overleveraged properties go to responsible new owners, that could leave thousands of apartments still in the hands of speculators that don’t maintain the properties. “You could be talking about more than 25 major buildings, dragging down their neighborhoods.”