On The Road Again...
Well, I hate to say it but I have no choice in the matter. We are on the road again...moving! We just moved six months ago! Our boxes were finally cleared out, pictures not yet hung. Why are we moving?
Well, you see, one night I was running a little pre-foreclosure search in our MLS and much to my surprise, my commercial building was in foreclosure! WHAT? I immediately began my search for a place to call home. I was lucky to find another location that suited our needs and we signed a lease Monday.
The Lesson To Be Learned...
Time may be running out for you too! You may not be in need of commercial pre-foreclosure stats but if you are renting your home you may be! Be sure to find out as much information about your landlord as you can. How long have they owned the home? What are their long term plans for the home? Do they have any intention of moving back into it? Most importantly, are they making their monthly mortgage payments? Did you know that it is possible to see if your home is in pre-foreclosure, foreclosure or even auction status?
You also need to be aware of your rights as a tenant. Be sure to be informed of your legal rights when your home is in foreclosure status. A good place to start is on the State of California's website where you will find a handbook of tenant rights. According to the TenantsTogether.org website over 15,000 tenants in Placer and Sacramento Counties were affected by a rental foreclosure in 2010! That's a lot of people on the road again!
If you have any questions or concerns about your rental being affected by foreclosure, whether it's commercial or residential, feel free to contact me. I may be able to help you find answers. Don't wait until it's too late!
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