Make Sure Your Landlord is not in Foreclosure
Before You Sign on the Dotted Line
Before You Sign on the Dotted Line
Otherwise your lease could be legally cancelled, you could be evicted with no returned
payments or deposits, and no legal rights or remedies in court
Dear Friend,
Foreclosure proceedings may have already started even before you meet the landlord, tour the house, and consider signing an agreement to move in.
If your new landlord missed just one mortgage payment before you moved in, foreclosure proceedings began and you are already living on borrowed time, within 120 days from the date the landlord's payment first became late, the bank may take back the house, cancel your lease, and evict you.
Foreclosure proceedings may have already started even before you meet the landlord, tour the house, and consider signing an agreement to move in.
If your new landlord missed just one mortgage payment before you moved in, foreclosure proceedings began and you are already living on borrowed time, within 120 days from the date the landlord's payment first became late, the bank may take back the house, cancel your lease, and evict you.
Once you're evicted the locks can be changed and Sheriff's Department will oversee the process of moving your things out to the curb.
Entering the house beyond that point is trespassing- despite the fact it may have been your home when you left for work or vacation.
Unfortunately, landlords, banks, and mortgage companies are under no obligation to inform tenants of looming foreclosures, so it's all perfectly legal.
Thousands of families throughout the USA have lost their homes during this foreclosure crisis and mortgage meltdown- not because they failed to make their payments on time, but because they moved into homes owned by landlords who got behind on payments
Due to no fault of their own, renters with excellent credit, a perfect record of on-time payments, solid income and legitimate lease or rental agreements are being evicted in alarming numbers and left with no where to live.
Unfortunately, landlords, banks, and mortgage companies are under no obligation to inform tenants of looming foreclosures, so it's all perfectly legal.
Thousands of families throughout the USA have lost their homes during this foreclosure crisis and mortgage meltdown- not because they failed to make their payments on time, but because they moved into homes owned by landlords who got behind on payments
Due to no fault of their own, renters with excellent credit, a perfect record of on-time payments, solid income and legitimate lease or rental agreements are being evicted in alarming numbers and left with no where to live.
I was about to rent a house in Woodland Hills, CA. My friend told me about your Web site and how it helped her.
I looked up the address and lo and behold it was in foreclosure. You guys saved me $5,500.00 and a lot of headaches." Thanks,
(Sheri B. - Huntington Beach, California)
(Sheri B. - Huntington Beach, California)
Unfortunately, upstanding renters like you are caught as innocent
bystanders in the nationwide foreclosure epidemic.
Darrell Bradshaw and his wife rented a house in Las Vegas for $1,500 a month in December
2007. Little did they know that two months before they moved in, the house they rented had gone into foreclosure.
As soon as they moved in, a notice was posted on the door that the house would be auctioned off in 3 weeks. They had paid the landlord $5,500 in move-in costs, plus a $2,500 option to buy the house the following year.
They took their case to court. The judge realized the couple had been snookered out of $8,000 by a deadbeat landlord and gave them an extra 10 days to move. Unfortunately, the judge's hands were tied by the law.
In some of California's metropolitan areas, for example, foreclosure rates are 1 out every 30 homes. That means that if you are looking to rent or lease a home in those cities and you browse through 20 or 30 classified ads for rental properties your chances of signing a lease on a foreclosure property are 70 percent or more.
If the property you rent or lease is in foreclosure, it may be impossible for you to add up the negative personal and financial impact it will have on your and your family. The stress, aggravation, inconvenience and humiliation, and hard cash - at a time when most Americans are already strapped with debt and trying to control their expenses - may add up to more than you can handle.
Then there is the price of lost time - including time off from work and subsequent lost wages or even loss of your job - to sort out the situation and relocate on a moment's notice.
As soon as they moved in, a notice was posted on the door that the house would be auctioned off in 3 weeks. They had paid the landlord $5,500 in move-in costs, plus a $2,500 option to buy the house the following year.
They took their case to court. The judge realized the couple had been snookered out of $8,000 by a deadbeat landlord and gave them an extra 10 days to move. Unfortunately, the judge's hands were tied by the law.
In some of California's metropolitan areas, for example, foreclosure rates are 1 out every 30 homes. That means that if you are looking to rent or lease a home in those cities and you browse through 20 or 30 classified ads for rental properties your chances of signing a lease on a foreclosure property are 70 percent or more.
If the property you rent or lease is in foreclosure, it may be impossible for you to add up the negative personal and financial impact it will have on your and your family. The stress, aggravation, inconvenience and humiliation, and hard cash - at a time when most Americans are already strapped with debt and trying to control their expenses - may add up to more than you can handle.
Then there is the price of lost time - including time off from work and subsequent lost wages or even loss of your job - to sort out the situation and relocate on a moment's notice.
But there is an easy and cost effective way to avoid disaster,
to protect yourself and your family.
We provide a service that lets you look up properties
you'd like to rent to see if they are in foreclosure
before you even call for an appointment to look at them.
to protect yourself and your family.
We provide a service that lets you look up properties
you'd like to rent to see if they are in foreclosure
before you even call for an appointment to look at them.
Just type in the address of the property you're thinking about renting into our system and you'll
immediately find out if it's in foreclosure. Discover the truth of the situation in advance and save the financial stress and
wasted time of looking at the wrong homes.
For only $67.00 you can check 10 properties you're thinking of renting. That's less than $7 per house, which is less than the
cost of the two gallons of gas you'll waste driving around to look at risky houses that are already facing foreclosure and
will soon involve evictions.
Peace of Mind & Reassurance is Always a Wise Investment
