Bellevue Short Sale Question: Can I Rent My Home If It Is In Foreclosure?

By
Real Estate Agent with Homes Northwest

Bellevue WA – The Stop Foreclosure Institute recently received a question about renting a home in foreclosure.

Short Sale Question: “I am own two homes that are in foreclosure. I would like to rent the homes during the foreclosure process. I will continue to pay the homeowner’s association fees. I will not be paying the mortgage.

Is it legal to do this? Is there any liability that comes with it?”

Click here to discover how other sellers successfully did a short sale and avoided foreclosure.

Here was our answer to them. The Stop Foreclosure Institute is not a law firm. Therefore, we can’t answer as to whether or not it is legal.

We recommend that you check with a lawyer before making a decision. We do know that there are laws forbidding that practice in many states.

For example, Florida recently passed a law that stated that you had to notify any potential renter whether or not the home was in foreclosure before renting. Click here to continue reading.

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Topic:
Real Estate Market Trends
Location:
Washington King County Bellevue
Groups:
Short Sales Specialists
REO's & Short Sales
Short Sale
Tags:
rent my home
foreclosure prevention
avoid foreclosure
negotiations
paul e nelson
bellevue short sale specialist
how to short sale your home

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