Comments on: Renting Responsibly: How Not to be a Victim of Foreclosure http://www.pfadvice.com/2009/01/11/renting-responsibly-how-not-to-be-a-victim-of-foreclosure/ Bridging the gap between saving money and investing Wed, 19 Jun 2013 20:52:06 +0000 hourly 1 http://wordpress.org/?v=3.5.1 By: Connedtenant http://www.pfadvice.com/2009/01/11/renting-responsibly-how-not-to-be-a-victim-of-foreclosure/comment-page-1/#comment-922206 Connedtenant Mon, 03 Jan 2011 16:52:04 +0000 http://www.savingadvice.com/blog/?p=3787#comment-922206 I think in today’s economy that as a renter, I do have the right to know if the owner/lease holder has forecloser problems looming or current. We just rented a beautiful home, only to find out two months later that the property went for Sheriffs sale 7 months ago. Fannie Mae sent a letter stating they are the owner of this property, and to not pay rent to the prior landlord. I received this posted letter on my front door on Christmas Eve. My original landlord rented this home and no longer had that right. I then investigated this landlord, who happened to own a Realty company, and found he had several homes in foreclosure and was still trying to rent them out. That is not very nice to do someone, especially a family. I have heard that this happens alot around Detroit, Michigan. It is a bit scary on what happens next.

]]> By: lainie http://www.pfadvice.com/2009/01/11/renting-responsibly-how-not-to-be-a-victim-of-foreclosure/comment-page-1/#comment-521404 lainie Sat, 24 Jan 2009 12:01:52 +0000 http://www.savingadvice.com/blog/?p=3787#comment-521404 I also would not share my financial situation with a tenant. If the tenant pays their full rent on time, and being responsible and honest with the landlord, that goes a long way towards the landlord not losing the rental property to foreclosure. If your potential landlord is elderly, don’t take the place keep looking for something else. Landlords may not even try to hand on to a property if they have a bad tenant. A good tenant is worth their weight in gold

]]> By: Justin http://www.pfadvice.com/2009/01/11/renting-responsibly-how-not-to-be-a-victim-of-foreclosure/comment-page-1/#comment-514042 Justin Sun, 11 Jan 2009 21:10:55 +0000 http://www.savingadvice.com/blog/?p=3787#comment-514042 Finding a great deal on a house to rent is going to have some drawbacks. If one does not like the risk of losing their home because of lack of payment to a bank or selling of a property, then stick with the bigger companies who PROFESSIONALLY handle this kind of business. Though you will pay more it is less likely you will end up in a cardboard box while looking for a new home. Good points on trying to reduce ones exposure though but like the casino higher odds, higher payout.

Keep on shooting

]]> By: justme http://www.pfadvice.com/2009/01/11/renting-responsibly-how-not-to-be-a-victim-of-foreclosure/comment-page-1/#comment-514026 justme Sun, 11 Jan 2009 20:51:08 +0000 http://www.savingadvice.com/blog/?p=3787#comment-514026 I do get your point but there is no way I would discuss my finances with renters

if you want to be secure and know for sure the safety of your home you need to buy one of your own
there is always a chance that your landlord will sell the house out from under you , or that his daughter will need a place and you will have to leave

if you have a good rental history and are a good tenant you will probably have your choice of places

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