You don't have to comb public records to find out if your landlord is making mortgage payments. Laws vary by state but many allow a tenant to receive a copy of the Notice of Default. In California the steps are simple (and a lot of states follow California's lead).
- Get a copy of the form & fill it out on your computer
- Call a title company for a copy of the Deed of Trust - you'll need the information contained in this document to fill out the Request of Copy of Notice of Default
- Have the completed form notarized
- Record the Request of Copy of Notice of Default within the county where the property is located
A bill signed in July of this year (SB 1137) now gives California tenants 60 days notice before the eviction process but in other states it may be much less.
Renters may have the right to sue the landlord in Small Claims Court to recoup the loss of the security deposit & other expenses.
**In some states, such as Calfornia, a foreclosure wipes out the rental agreement**
Find Renters & foreclosure Information for CA at CAForeclosureInfo
or to locate an attorney for other states go to FindLaw
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Don't rely on the banks, they aren't lending! We have private lenders who are ready to provide hard money loans to anyone wishing to purchase real estate property for investment or commercial use.
Real Estate Bailout Loans and Financial Investments