Is this home currently in foreclosure or in danger of being in foreclosure?

Sheri Harris
Other/Just Looking
Lancaster, CA

We are meeting with owner this evening. Looking to rent this home. We want to make sure the rental property is not in foreclosure or anywhere near being in foreclosure.
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This question is about this property: http://www.trulia.com/homes/California/Lancaster/sold/469879…

Answers (1)
Maher Soliman
Real Estate Pro
Los Angeles, CA
FIRST ANSWER

Not your concern. None of your business. Well actually it would be nice to know. But before a restaurant serves you they should charge first (debit an amount) like they do in Europe. Or take your car in and get a free check up assuming you’ll give them the business. So they ask to see your credit first.

Do like MACY's does, extra 10% if you apply for credit. Give the owner an incentive to prove to you they are current. But again, if one landlord is current (seen this lots of times) and ready to bolt and another is down 60 and ready to bring current -how do you know the risk for each?

I do not recommend this in anyway as my comments against lenders are assertive to say the least. But equitable business dealings go both ways. It’s your obligation so pay it. But lenders cannot con you and abandon you when you’re in trouble.

Last, you’ll love this. A friend moves into a new place after the landlord gets and exotic loan (2007). He has been there since and has never ever paid any rent.

Rethink the question . . . good luck!
http://www.borrowerhotline.com

Fri Jan 16 2009, 20:23

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