tenant issues: Tenants Beware of Rentals in Foreclosure
- 08/17/12 02:09 AM
Down here in South Florida, the demand for rentals has shot up drastically, and so have the rental prices. Part of the reason why rentals have become so popular is because many former homeowners now have a short sale or a foreclosure on their record, and so they must wait a minimum of 4 years (in most cases) before qualifying for loan to purchase a new home. Many landlords are also homeowners who are in foreclosure, and that brings up the question of: what happens if you're renting a property that goes into foreclosure? A local attorney, Peter Sobota, answered this … (6 comments)
"Green Realty is an excellent company. We recently put our house on the market in Cooper City with Green Realty and could not be more pleased. Patty ... more "
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by user06871121
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"Patty and her team were extremely thorough, knowledgeable and very prompt. In the beggining she walked me through the process and let me know what to ... more "
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by hugh behan5
1076458
"Patty Da Silva and her team at Green Realty Properties is exactly what you are looking for when listing your home! <br/><br/>I interviewed 3 different ... more "
Down here in South Florida, the demand for rentals has shot up drastically, and so have the rental prices. Part of the reason why rentals have become so popular is because many former homeowners now have a short sale or a foreclosure on their record, and so they must wait a minimum of 4 years (in most cases) before qualifying for loan to purchase a new home. Many landlords are also homeowners who are in foreclosure, and that brings up the question of: what happens if you're renting a property that goes into foreclosure?
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