Archive for the 'Tenancy and Foreclosure' Category

Renters and Foreclosure - New Federal Law Affects You

In this time of economic difficulty, many new laws are being enforced} to help people get out of debt and prevent foreclosure. Such laws are coming into play in the national landscape as well being localized on state levels. What the current federal foreclosure law states is that residents of properties that have been […]

Foreclosure Affects Renters, Too

Foreclosures in America have sky-rocketed in the past 5 years, fueled by cheap and easy credit to borrowers during the real estate boom. And while the majority of the defaults on loans are by primary homeowners who have fallen behind on payments due to a variety of reasons, the rising rates of default are also […]

What Happens When Your Rental Property Goes Into Foreclosure

Going into foreclosure for the owner of any kind of property is a stressful experience, but today were going focus on another person it affects; the tenant in a foreclosed property. In some ways it can be a more stressful time, for someone renting a property that goes into foreclosure. One reason is […]

OWNING VS. RENTING

There are many good aspects of homeownership. First and foremost is concept of generating equity. When you are renting, your cash is not going towards anything, it is basically going out the window. When you make payments on a home, you are paying for an asset that has a market value. When you sell your […]

Should You Keep Paying Rent If Your Landlord Is In Foreclosure?

Tenants living in homes or apartment buildings that are now in foreclosure are possibly the largest segment of Americans who have been forgotten during the foreclosure crisis. Many of them have leases in effect with landlords who have not paid the mortgage in months, and renters are also helping to finance the bailing out of […]

Eviction of Tenants After Foreclosure

The group closest to the bottom on the list of politicians’ list of priorities in dealing with the foreclosure crisis have been renters who have made their lease payments on time but face eviction anyway. When a landlord loses a home, renters are typically given no notice for fear that they will stop paying every […]

How To Find An Apartment After Foreclosure

As you should already know, going through a foreclosure will drastically effect your credit rating. Not only does the foreclosure itself cause negative marks, but the missed payments and other legal problems leading up to the foreclosure can be enough to ruin your credit, even without the foreclosure.
If you’re a homeowner, then you […]