Via
Tim Ludemann (Chiodo Properties):
In South West Florida, including Estero FL, for the last year and a half, we have had homeowners and “investors” falling behind on there mortgage payment. I know that’s not breaking news. I've seen it myself and heard stories from other agents, that investors are putting tenants in the home and collecting rent. Still not ground breaking, but follow me. The twist is they are not current with their mortgage and they put the money in their pocket. I have some questions and curious on others thoughts:
- First is what the homeowner doing illegal? I have heard the homeowner state many times they still have their name on title so they are allowed to do this.
- What is my responsibly as an agent to disclose to the tenant that is placed in the unit?
We have a rental division in our office, and they are finding that even if the agent verifies the homeowner is current with their mortgage, then a month later they quit paying and either short sale (that is where I come in) or foreclose. Are there any new ways to stop this?
To discuss this further, please contact me.
Timothy Ludemann
Chiodo Properties
Listing Director|Realtor®
tludemann@chiodoproperties.com
239.333.3484 Direct
239.839.7710 Mobile
239.333.3518 Fax
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