1 Like
836 Views
3 years ago
Report

How can we as home renters guard against losing our deposits if the homeowner forecloses?

How can we as home renters guard against losing our deposits if the homeowner forecloses?
Email me when answers are posted
Brad MacLay
Brad MacLay
Real Estate Professional
2 Likes
0 Replies
3 years ago
Report
There isn't much you can do other than sue the landlord after the lease ends. You would likely win in court but collecting the money is another matter.
These days the Banks are very generous with their cash for key's program and should compensate you to move out of the property after the lease ends. The bank will probably take care of you. After the house forecloses they will send a representative out to the house to formalize an agreement with you.

Your Reply:

Email me when answers are posted
1 Like
0 Replies
2 years ago
Report
When you purchase/lease my house. Your payments go to an escrow account. The account pays mortgage, taxes and insurance FIRST!

Hi, This I$ a buyer's market. I SELL homes through a lease with the option to purchase. Must have verifiable income/employment, be willing to change some behaviors neccessary to improve your credit score (through HUD approved counselling agency...not the scams on the internet!), AND have at least 3% to move in.

You can visit www.buyproperty4lesstoday.com and complete your individual preferences. We'll locate homes and forward the info. to your email.

I work with homeowner's and real estate investor's EAGER to help you achieve the "dream" of home ownership!

Tell me what you're looking for at www.buyproperty4lesstoday.com and I'll locate it!

Thanx,
George

Your Reply:

Email me when answers are posted
0 Likes
0 Replies
3 years ago
Report
You can take out renters insurance and ask for this to be added to the insurance also you can take the landlord to court for losing the home and renting it to you at the same time.

Your Reply:

Email me when answers are posted

Your Answer:

details:

Email me when answers are posted

Locations