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Foreclosure Alert For Renters ~ by RealtyTrac.com ~ Help For Tenants

RealtyTrac (www.realtytrac.com) announced today its launch of a new service called RealtyTrac Renter Alerts (www.renters.realtytrac.com).

RT says that this fee based service ... will provide tenants and renters ... with advance notice when the property they are renting enters into default ... or is about to be foreclosed by a lender.

See the article ~ "Foreclosure Alert for Renters" ~ at OCRegister.com.

Let's encourage our friends and clients who are renters of homes to be aware of this RealtyTrac.com service ... and some possibility that a renter can lose his home, place of rental living, and perhaps security deposit .. in a foreclosure situation.

If you want information about Orange County, CA, homes and properties, or pricing of homes sold, please contact us. Thank you.

Harrison K. Long, Explore Properties Group, Coldwell Banker Previews, Irvine, CA.

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Harrison K. Long - Realtor & Broker (Explore Group Properties, Coldwell Banker Previews, South OC): Real Estate Agent in Irvine, CA

Posted by Harrison K. Long, REALTOR, Broker, expert negotiator on 04/01/2009 03:23 PM

Comments (2)

Tenants in Foreclosure in the ActiveRain Channel

rent vs own, home ownership economics, home affordability, mortgage financing, home leasing, california

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2 Comments on Foreclosure Alert For Renters ~ by RealtyTrac.com ~ Help For Tenants

APR

I;ve heard of tenants being unexpectedly displaced as a result of foreclosure in our local market. This would be a great service to them.

APR

Tom ... thanks for the comment. We know of lots of tenants here at the OC who have lost their places to live because of foreclosures.

California law now has special protections for them. Brokers for banks who repossess need to work with tenants to help them work out financials and find another place to live.

Best wishes.

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