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3 years ago
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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?
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3 years ago
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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.
Brad MacLay
Real Estate Professional
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2 years ago
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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
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3 years ago
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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.
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