Saturday, April 14, 2012

Dozens Of Renters May Face Boot, Fear Worst After Landlord's Foreclosure Notice Spotted In Local Paper

In Superior, Wisconsin, WDIO-TV Channel 10/13 reports:

  • Dozens of families are in housing limbo because a large rental property company is facing the foreclosure of all of its buildings. Even though some of these tenants always paid the rent they could be homeless before the summer.


  • "I never even thought of the word foreclosure," said Sue Wallen, a lifelong renter from Superior. Wallen, her husband and two years have been living in a rental house on North 20th Street for five years. They wanted to make it their permanent home until they saw their address listed in the foreclosure section of the local paper.

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  • The Wallen's are one of dozens families facing the same problem because Great Lake Properties and Investments is facing a foreclosure on all their properties. According to court documents Great Lakes Investments and Properties owns 13 buildings with a total of 25 units, all of which are facing foreclosure. Wallen thinks some of the tenants may not even know because the Wallen's didn't know.

For the story, see Dozens of Renters Facing Foreclosure in Superior.

See also, Superior Telegram: Foreclosure leaves renters facing uncertainty.

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