Posted by admin | Posted in All About Foreclosure | Posted on 25-08-2010
Tags: economics, economy, finance, foreclosure stories, foreclosure stories 2009, foreclosure stories 2010, foreclosure stories in ca, home foreclosure stories, housing, visualization
How can I find out if the home I’m about to rent is in mortgage default?
I’ve heard a lot of horror stories about renting a home that later goes into foreclosure, so I want to educate myself before I actually sign a lease. Thanks.
Check your local Clerk and Recorder’s or Public Trustee’s office. They will have the information and hopefully they’ll have it online.
When a bank forecloses, depending on where you live (for example in Colorado they go through the Public Trustee’s office) they have to notify the county.
Find out who, in your city/state handles foreclosures.
Unless the bank is already taking action though, you have no way of knowing if they are getting ready to foreclose, unless the owner is willing to share that information with you.
You can put the clause in the contract like the other person mentioned but honestly I don’t think you can enforce it. And if you can, it will be more trouble than it’s worth.
Good luck.
Squatterville #2 Front Line Foreclosure Stories
|
|
ST JOSEPH statue HOME SELLER selling Kit saint house figurine $9.99 Trouble Selling Your Home? It may be because you haven’t buried a statue of St. Joseph in your front yard! Legend has it, that if you bury him upside down near the “For Sale” sign, in the back yard, or in a flower pot, and then say a little prayer (one is included with your purchase for a little guidance), then your house will sell! Couldn’t hurt, right? Even if you are not in the market to sell… |
|
|
The Foreclosure of America: The Inside Story of the Rise and Fall of Countrywide Home Loans, the Mortgage Crisis, and the Default of the American Dream $4.00 From Countrywide’s former Senior VP of Marketing, the first engrossing inside look at Countrywide Home Loans, how the mortgage crisis started-and where it may end.In July 2004, Adam Michaelson entered “The Vault”-an underground bunker at Countrywide headquarters-for a meeting about a new loan product that would allow borrowers to pay less than their minimum monthly payment. After the “finance jock… |
|
|
Foreclosure: $10.81 Foreclosure: |
|
|
Avoid Foreclosure $16.99 Avoid Foreclosure |
|
|
The Foreclosure Revolution $10.58 The Foreclosure Revolution |
|
|
Foreclosure: Fight or Flight $19.11 Foreclosure: Fight or Flight |
|
|
Fight Foreclosure! $13.23 This book explores options and alternatives available to homeowners when they can’t make their monthly mortgage payment but want to avoid foreclosure. The author explains the pre-foreclosure process using examples of families faced with foreclosure, their choices, and the steps/missteps taken. |
