4:22 am on Sunday August 14, 2011
| Posted by Paul Reynolds
Myrtle Beach renters affected by foreclosures too
Even Myrtle Beach area renters aren't immune to the affects of housing bubble pop.
Despite government efforts to slow the process, many Myrtle Beach area landlords are still being foreclosed on. Where does this leave the renter? I've personally heard of several locals that just stop paying rent since their landlord isn't paying the mortgage. Adva Salinger over at The Sun News interviewed several renters and property managers to get their take on the local situation. Read more here.
In May 2009, a federal law was passed to give renters rights in these new times we're living in. It essentially prevents tennants from being without a lease when the bank takes over the property. You can get the details over at Nolo.com.
Related Story: Whoa Nellie! S.C. Supreme Court attempts to slow foreclosures
