US mortgage crisis threatens tenants - 6 Dec 08

The mortgage crisis that helped trigger the US recession is hurting more than just home owners. An increasing number of tenants are being forced out as well. That is because once the banks take possession of a home, they evict whoever is in it - even if they' have never missed a month's rent.

Al Jazeera's Tom Ackerman reports on the plight of one such family in the Midwest state of Indiana.

Category:

News & Politics

Tags:

• Al Jazeera English
• Tom Ackerman
• mortgages
• US
• renters

[Cala6491]

that's bullshit if the bank is going to leave it vacant, that's the same as letting them stay so why throw someone out on the street for nothing?

[hajqbvii]

..it doesn't make any sense...the bank could be collecting the rent from this family instead of leaving the house empty...

[wilatemodel]

@sharkloaner alone & hated and in possession of 15000 nuclear weapons.....very dangerous..

[monkeyman1140]

Actually we spend 2 trillion a year on defense, if you count in veterans hospitals, extra spending on active wars, and spending on side contracts

[piggadave]

that's what happened when u keep spending 600 + billions on defense.....

[Zorrachus]

This is what happens when you want a big house and can't pay for it. Most of these families take out loans with no intention of paying them back, when they can't afford payments, there goes the house in foreclosure. Banks should have forseen this when lending money to losers.

[Nikateer]

Everyone predicts that this crisis will be over in 2-3 years. LOL! Try 10-20 years! When real estate was booming at a fast rate I knew for a fact that the balloon was going to bust! None of my friends listened to me and all went on bought homes. Now 2 of my friends lost their jobs and the others are skating on thin ice! I knew it was a scam from the begining. My grandfather taught me one important lesson in life n he said '' if it smells fishy it is fishy!''

[imtweetydiva29]

Thankyou for the insight and real news AlJazeeraEnglish.The crisis is getting worse. I live in PA,USA. I look across the street there is a foreclosure, you can't even walk down a block you see for sale signs in yards. In the video you would think the bank would let the people stay since the guy does work and can pay.

[stoneofrefuge]

most of these replies are some of the posters who have posted on the yt

[stoneofrefuge]

I have to agree with you there.

[stoneofrefuge]

I feel your pain, I feel their pain, I wished there was someway i can help the poor families.

[stoneofrefuge]

hmmmm this is intersting. I never known this was going to happen.