Obscanity: You'll know it when you see it

From CNN: “In a nod to consumer advocates, regulators require lenders to evaluate subprime borrowers’ ability to pay while banning most prepayment penalties.” Read more.

What I want to know is this: What is being done about the equally shady practice of some property owners who collect rent money while their property goes into foreclosure? A lot of people are losing the roof over their heads because their landlords have decided not to pay their mortgages, instead pocketing the rent money as long as they can before the house goes into foreclosure and the tenants are evicted by the bank, through no fault of their own. Frequently, the tenants have no idea that they are in any danger until the eviction notice is served. In the meantime, they continue to pay rent, while the landlords don’t bother to maintain or repair the property, since they’re going to lose it anyway. Shouldn’t renter’s rights be protected as well? Homeowners are not the only victims of the subprime mortgage fiasco.

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