Vernon Hills Renters- Don't be a victim of your lessor's potential foreclosure.
In order to protect my Vernon Hills client if he/ she is the the lessee, and prevent them from being thrown out on the streets, or from being a victim of foreclosure, it is important to ask these questions prior to signing a lease or rental agreement.
Just this past week, I have received 2 calls from two different Vernon Hills lessees where one family was told that they needed to vacate their Vernon Hills home immediately and the other couple was told that they needed to move out of their Vernon Hills home within the next few weeks.
Imagine a family dinner and the sheriff knocks on the door informing that you have to move out suddenly since the lessor failed to pay the mortgage. Yes, the Vernon Hills renters paid the rent on a timely basis, but the Vernon Hills lessors failed to pay their mortgage and taxes.
Since I represent many Vernon Hills clients, both lessees and lessors, my job as a Vernon HIlls Realtor is to represent and protect my clients. If I represent the lessors, I do a background check on the lessees, and if I represent the lessees, I need to do a background check on the lessor.
1. How long has the Vernon Hills home been vacant?
If the house has been vacant for more than a few months, it is very possible that the landlord could be distressed and must get your first/last month rent and security deposit to catch up on the mortgage that may be past due. This is the first sign that there might be a problem.
2. Are the Vernon Hills real estate taxes current on the property?
Not only does properties get foreclosed on because of non payment for the mortgage , non payment of property taxes can also cause a property to be foreclosed on. You can also check the Lake County tax records if you feel awkward asking this question.
3. Lastly, pull the credit of the Vernon Hills lessor.- Don't get me wrong, the first time I was asked to pull credit of one of my lessors, I was taken aback and appalled that they were asking for my client's credit. My client was allowing these people to rent from them! However, after I have heard the problems lesses go through, I now perfectly understand and can sympathize. People want and need to protect their families from having to be a victim of foreclosure, Its a mess, the legal fees, double moving costs and lastly, its not fun to have to move out suddenly when the sheriff comes knocking on your door. Make sure you use the services of a Vernon Hills Realtor to protect your interests
If you would like more information about the Chicago Northwest Suburbs,including Buffalo Grove, Lincolnshire, Long Grove, Vernon Hills, and Lake Zurich please do not hesitate to call me at 847-602-5435 or email me at info@buffalogrovehomes.com
My websites, www.movetolonggrove.com , www.buffalogroveareahomes.com, and www.vernonhills.homes-for-sale.com
will provide you all the information regardless as to whether you are a potential buyer or seller!
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