Thank you everyone for your help!!

In addition to the public records search, sometimes a good indicator is that the property will be for sale and rent at the same time.

Hi Melissa,

As Paul is absolutely correct in his answer, I would like to add one more thing. A homeowner may be behind in their payments or struggling to keep current and you will not know this immediately unless the lender has recorded a notice of trustee sale. Some lenders may wait several months before contacting the trustee to receord the notice and start the foreclosure process.

One good indicator to look for when leasing a home is what the current owner's loan balance is. Most landlords that are upside down in their property are at a higher risk for financial problems and possible foreclosure.

It's best that you have a real estate agent assist you on your lease, as it won't cost you anything as the tenant for their service.

Hi Melissa,

If you know the property owner's name, you can look it up here, http://recorder.maricopa.gov/recdocdata/. You want to search for a document called the Notice of Trustee Sale. However it will be easier if you supply me with the address & I can tell you in a jiffy if the property is in foreclosure.

On another note, if you intend to rent again, you may want to consider having a real estate professional assist you, even if it costs you some money. A good real estate agent can protect your deposit money & negotiate the best deal possible, among many other things.

-----
PAUL WELDEN
Buyer's Agent Realtor
HomeSmart
480-241-0081