Saturday, December 17, 2011

Is Your Rental Home in Foreclosure?

FORECLOSURE AND RENTAL HOMES

There are 11,651 homes and properties now in some stage of foreclosure at Orange County, CA.

Is your rental property in foreclosure?

More “accidental” landlords are surfacing as home owners turn their underwater homes into rentals to try to come up with some extra cash. But some of these accidental landlords are still unable to keep up with their mortgage payments and may become delinquent on their mortgage.

So what’s this mean for the person renting their property?

Some renters may suddenly be served with an eviction notice when they discover the property they are renting is being foreclosed upon, and only having days to vacate.

One new web site, CheckYourLandlord.com, allows renters to check rental properties in the U.S. to see if there are any notices of default filed against the property.

Renters ... or real estate professionals who represent them ... can check with the county recorder’s office to see status of a property.

It might easier to check with Foreclosureradar.com to find out information about possible foreclosure on your rental.

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ORANGE COUNTY PROPERTY NEWS

Source of information is REALTOR magazine and ForeclosureRadar.com - This is for information only and not the providing of legal or tax services.

Please contact us about listing and sale of Orange County CA homes and real estate. ~ Professional REALTOR® agent representation and help for property owners, private trust estate representatives, estate administrators, executors and heirs, probate and trust attorneys, estate planners, income tax professionals, public guardians, fiduciaries, investor group managers, bankers, and individuals, with listing and sale of properties at Orange County, CA

Posted via email from Explore OC Homes

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