This is one of the most important reasons to use a realtor. Realtors have access to databases and information on whether or not a home is in default. It is also important to make sure that the person is the true owner of the home and has the authority to enter into a rental/lease agreement. If you are negotiating on a home that is not listed with a realtor and would like me to check the information for you, just drop me an email. This is also a great opportunity for first time buyers to purchase a home. Have you checked into this option?
There are 170 homes in Moorpark which have a NOD (notice of default) filed, and are in some stage of foreclosure. This number does not include the mortgages which are delinquent, but which do not yet have an NOD filed or the lender has removed/postponed the NOD while negotiating a loan mod or short sale. What is probably equally important to you, as a potential future tenant, is what the equity position is for your landlord. Do they own the property free and clear? Do they have 50% equity? Are they upside down, and may, therefore be a more likely candidate for a future foreclosure scenario? Ted and I can assist you with this information. Be certain you get a signed lease whereever you rent, since you have tenant rights in the event the property does foreclose in the future
You can contact the local tax assessor as they will have it on file. Here is a link to the Ventura County Assessor's web site where you might find some helpful information:
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