Off the Radar

When we “follow” the news, we tend only to see through the news gatherers' eyes. That means we’ve heard a lot about home foreclosures and the weak housing market. But here’s a development we weren’t expecting.

News organizations are looking a little more deeply now and seeing in trouble a passel of renters who are getting blindsided with little notice, because their landlords are walking away from property management. In a nutshell, while still occupied by tenants, large apartment complexes are being abandoned by the owners.

We will say, though, that by the end of this report, there is a light at the end of the tunnel. Let’s hope all the receivers for these properties will be as conscientious as Trigild, Inc. seems to be.