Sunday, March 15, 2009

Is Your Landlord in Foreclosure

Tenants who have so much as an inkling that their landlord might be facing foreclosure should not waste one more minute before finding out. Foreclosures are a public record. But as a renter, you don't need to comb the public records every day to see if your landlord is making the mortgage payments.

If you are a tenant thinking about renting, first find out if your landlord has refinanced or purchased the property recently. That recordation could be a warning sign. You don't want to wake up one morning and find the sheriff at your door, saying you need to move out.

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