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Foreclosure Crisis Hits Renters, Too

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A new report from The Urban Institute says the foreclosure crisis threatens renters as well as homeowners.

Kathy Pettit is the report's lead author. She says about half of the D.C. households in foreclosure are rentals, although it may come as a surprise to some tenants. But Pettit says it's against D.C. law for tenants to be evicted because their landlord is in foreclosure.

In April, nearly 2,000 of the District's rental units were in properties in foreclosure.

Jessica Gould reports...

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