3 years ago, a friend and real estate agent of mine found us a house to rent in a really nice neighborhood for a really nice price. After living in apartments my entire life, I was thrilled to finally live in a house, even if it was just a rental.
1 month after we signed the lease and moved in, the landlord called to say the house was going to foreclosure and we should try to move right away because he wanted to do a short sell. We stood our ground and went to court with the newly enacted 2009 Tenants Right law. The law pretty much said if something like that happens we are allowed to stay for the duration of our lease. Granted we had to keep making rent payments to an escrow. I still consider that a good outcome. The judge that day was telling people they has to move in 3 days for cases similar to ours.
Luckily once our lease was up, 1 year, we were able to find another house in the same neighborhood for a little higher price but still affordable. We signed a 2 year lease and everything has gone well. Initially we asked that landlord for proof but he refused to show it. We still moved in because we wanted our kids to stay in the same school and that seemed to be the best house for the price. We also checked for the house on the foreclosure websites and it wasn't there. We also found out he was a member of our temple; which made him a little more trusting. We have just renewed for another 2 years but honestly we have outgrown this house. We see it takes nothing more than a 60 day notice and 1 extra month of rent to get out of this lease if we need too. Obviously, larger houses in this area will cost more so we want to be extra careful with that much more money.
Not saying we may even move, but if we do find a rental we like, would it be wrong to ask for proof? We are simultaneously working on our credit to buy as well. However, unless we get a windfall, I doubt we'll be able to afford to buy in this area.
Asked by Anonymous at 12:39 AM on Oct. 8, 2012 in Buying a Home
Answer by Ballad at 12:47 AM on Oct. 8, 2012Credits: 82601 Level 36
The question would catch me off guard but If I wanted you as a tenant I'd show you.
Answer by Farrahann at 12:51 AM on Oct. 8, 2012Credits: 13169 Level 22
Answer by anng.atlanta at 12:51 AM on Oct. 8, 2012Credits: 37258 Level 28
You can check online to see if that address or property owner is in the foreclosure process: http://www.rentalforeclosure.com/
Answer by JulieJacobKyle at 12:52 AM on Oct. 8, 2012Credits: 198051 Level 45
Answer by Dardenella at 1:16 AM on Oct. 8, 2012Credits: 198410 Level 45
Answer by PartyGalAnne at 1:21 AM on Oct. 8, 2012Credits: 55203 Level 32
Answer by RyansMom001 at 6:25 AM on Oct. 8, 2012Credits: 45762 Level 30
Answer by missanc at 6:36 AM on Oct. 8, 2012Credits: 136446 Level 41
Answer by m-avi at 7:41 AM on Oct. 8, 2012Credits: 257361 Level 47
Answer by wendythewriter at 8:27 AM on Oct. 8, 2012Credits: 41506 Level 29