Help for renters dealing with foreclosed properties
By
WINK News
Story Created:
May 5, 2008 at 10:45 PM EDT
Story Updated:
May 6, 2008 at 12:19 PM EDT
LEHIGH ACRES, Fla. - A Lee County family is going through a housing headache, after renting a home in Lehigh Acres. After less than a month there, it turns out the house is being foreclosed on. And the family even took extra steps to make sure they wouldn't end up in this very situation.
"Frustration, angry, mad. Everything," said renter, Lisa Jackson.
Jackson tries to put into words what she and her husband, Thomas, are going through right now.
"I'm about to my limit. I'm about to my limit," said Thomas.
The couple, with their children, rented a Lehigh Acres home about three weeks ago. And then...
"We got a letter in the mail saying the home is not even owned by the owner anymore. It's the bank's house," said Lisa.
Along with the foreclosure notice came an auction date for the house. Set for a month away. The Jacksons say they actually went through a real estate company to keep this exact thing from happening.
"You don't look for anything like this to happen, you know. It's sad. it really put us in a bad predicament," said Thomas.
And it's a predicament that more and more people are finding themselves in. Experts say even though real estate agents should be checking on foreclosures, renters can protect themselves.
Simply go to the Lee County property appraisers website if you don't know the owner's name, then the clerk of courts site to check on any suits against them.
"Just to satisfy themselves and give themselves some piece of mind," said real estate attorney, Robert Adamski.
But if they do get stuck in a similar situation, don't be afraid to take it to court.
"They have a security deposit, they need to check out who is holding that security deposit and then they can go to the court and ask for additional time if they need it to vacate the premises," added Adamski.
Right now, the Jacksons are not too sure what their next step is, but they do know they're not unpacking another box just yet.
Experts also add that renters should flat out ask either the real estate agent or the owner if the property is going through foreclosure.
Monday, May 5 at 11:22 PM Alicia Galante, Realtor wrote ...
Asking an owner if the property is going thru a foreclosure would be like talking to a wall. Do you think there is any integrity there on the owners part? He just wants to collect the rent for extra cash because he isn't paying his mortgage! Most of these rental properties will end up in foreclosure because that is what is mostly available. If you research the records and note they paid 250K and owe 250K this can be a good indicator that owner is or will be in trouble. It's just the begining
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