As foreclosures of rental units jump, renters lose

As foreclosures of rental units mount, renters find themselves caught between the bank and their landlord. They often suffer as much-needed repairs are left undone at units nearing foreclosure.

While the biggest hit to the rental sector may not happen until after 2013, when two-thirds of Fannie Mae's multifamily debt matures, renters are already beginning to feel the pain as multifamily units enter the foreclosure process.