buying investment property in phoenix: Investors Beware When Buying Properties That Are Tenant Occupied
- 04/26/12 11:00 AM
Investors Beware When Buying Properties That Are Tenant Occupied
In 2009 the US Congress enacted the 'Protecting Tenants at Foreclosure Act. Basically the PTFA Act offered tenants protection of not being evicted in the case of a foreclosure. There are four qualifications that need to met in order for the tenant to keep possession of the property after a foreclosure by the landlords creditor.
The defaulting borrower can not be the same person as the tenant The lease must be an 'arms length' agreement The lease must require 'fair market rent' The lease must have been executed prior to the notice of trustee … (20 comments)
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buying investment property in phoenix: Phoenix Real Estate Market Report August 2011
- 09/18/11 11:39 AM
Phoenix Real Estate Market Report August 2011
Phoenix Homes Sales August 2011 - Active -Pending - Closed
The Phoenix real estate market as been brisk. Many homes, if priced correctly and in good condition sell quickly, some with multiple bids. Buyers have discovered that if they're interested in a home, they should make an offer before it's gone. Of course all of this is 'if' it's priced correctly. Some sellers have their homes priced way to high and sit on the market far too long and will end up reducing their sales price to meet the market. Just because inventory is down doesn't … (4 comments)
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Investors Beware When Buying Properties That Are Tenant Occupied
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