It's time for Renters to be Careful!
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Sorry to say, with the current foreclosures hitting the Colorado Springs housing market, renters need to do some 
extra homework before they rent a house in Colorado Springs. There have been a variety of stories that have hit the local news media about renters moving into a house that is going into foreclosure, then they get evicted. Here's a couple of steps that a renter can do to help them prevent from being evicted for no fault of their own.
- Check the El Paso County Assessors office (www.elpasoco.com) and see who owns the property. Make sure you are actually talking to the landlord (owner) of the property. If you are talking to a management company, make sure they are authorized to rent the property.
- Check the Public Trustee office in El Paso County (www.elpasopublictrustee.com) and make sure the property isn't going through foreclosure. It's a very comprehensive web site and you can search by address for any property in El Paso County.
- If the property has started the pre-foreclosure process; you can find out the status and the actual sale date of the property.
- Ask for references. It doesn't hurt to talk to others who have leased properties from the landlord.
- Don't pay for months of rent in advance.
- If they are asking for 3 months rent, plus a security deposit, question why.
- If something seems to good to be true, it probably is.
Original Article was posted at: Renters, do your due dilegence
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Posted by KAT
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Hey Kath, great post. I recently helped a family that had to move because the home owner was being foreclosed on. The renters were paying a management company the rent money, but the owners were not paying it to their mortgage holder. Very sad, and expensive for this family to have to move after only a short time in the home. Great post...I hope it's read by all renters everywhere.