If you are renting an apartment/townhouse/home is your landlord currently being foreclosed on?
Are you sure?
Across Florida, a new problem has surfaced as a result of the housing crisis – landlords are being foreclosed on and are not telling their tenants that it is happening. What happens if you are the tenant and your landlord gets foreclosed on?
The laws in each state in the US are different regarding this topic, so be sure that if you learn that your landlord has allowed the property to go into foreclosure that you speak with a local, Florida real estate attorney who can help you know your rights.
The best way to find out if your landlord is in foreclosure is to check the county records – because the foreclosure process is a legal process that is part of public records. There are also free sites that allow you to check to see if your landlord is in foreclosure: (Rentalforeclosure.com although according to at least one source, this site may not always be accurate).
And if you are concerned about monitoring whether your landlord is in foreclosure, there is a new service available from Lemonlandlord.com where it will monitor whether your landlord goes into foreclosure for something like $3/month.
Spending $3/month to monitor to see if your landlord is in foreclosure doesn’t seem like a lot – because it could potentially save you from being surprised.
