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Tenants Not Paying - Cause Hardship for Naperville Short Sale Sellers
Tenants Not Paying - Cause Hardship for Naperville Short Sale Sellers
 

 
As a Naperville short sale agent, I often get calls from homeowners asking me about the short sale process. But because each person's situation is different, I like to ask a few questions and then listen to the homeowners explain their situation to get a better understanding of what I can do to help.
 
Lately I have noticed that the calls I have been getting, are from homeowners considering a short sale that currently have tenants in their property. The tenants are either not making their rent payments on time or not paying at all. The homeowners then have to go through the added stress and expense of taking the tenants to court to start the eviction process. Not a good situation to be in.
 
 
Often times these homeowners that are considering a short sale, were put into the position of having to become landlords because they needed to move but were unsuccessful at selling their property. They are now left to deal with the responsibility of having two mortgages and they cannot afford the second mortgage without the help of rental income.
 
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