Is it Possible to Find/Rent a 4br Home from a Forclosure or distressed propty in W.Valley???

Seekerofdeals
Home Buyer
San Fernando, CA

Ive choose to move to the west Valley between Sherman Oaks and woodland hills..... With all the Distressed Properties on the Market ... is there a vehicle where I could benefit by renting a property for Less helping out a property that would be sitting Empty ???

Answers (2)
Jason Hertenste...
Real Estate Pro
Champaign, IL

You could look at Cazoodle Apartment Search to help you find a rental out there. I found 143 Listings for Valley Village.

Tue Jun 2 2009, 09:14
Dana Schuster
Agent
70461
FIRST ANSWER

Foreclosed homes are bank owned and are never rented out. The banks do not want to be in the landlord or property management business as their objective is to sell the property and recoup as much of thier money as possible. They also want to avoid possible liability issues with tenants.

Sun May 31 2009, 07:08

Didn’t find what you were looking for? Ask a question!

Search Advice
Rent vs Buy Calculator
Compare the costs of owning a home versus renting. Estimate payments »

Ask a question

Got a real estate question? Get answers from locals, experts and real estate pros.
Ask
Email me when…

Learn more

Copyright © 2009 Trulia, Inc. All rights reserved.   |   Fair Housing and Equal Opportunity
Help us improve our service—send us feedback