Tenants in Foreclosure: An Analysis of How Renters Experience the Financialization of Housing in Los Angeles County Brief
Much has been written about how predatory schemes of the foreclosure crisis impacted poor homeowners and homeowners of color, but less attention has been paid to the tenants. Foreclosure often doesn’t just involve owners. In many cases, the home is occupied by tenants of the former owner, who face increased insecurity when homeownership changes hands or is lost to a bank. This report is interested in who has acquired property through foreclosure since the housing market crash of the mid-’00s. The researcher presents the findings in the form of maps visualizing (1) foreclosure in Inglewood and Los Angeles County; (2) investor-purchased foreclosures in Los Angeles County, highlighting real estate investment firm Wedgewood Inc. as a case study; and (3) evictions and foreclosure-related evictions in the county.
