If you make a security deposit, take precautions for it's security.
If you do move into this property, take a minimalist approach..........you might be there a short time.
Anytime you rent please use a REALTOR property manager where his/her company has an escrow account to hold your security deposit. This applies regardless of the current state of the mortgage.
Florida law does not require brokers to place the security deposit in their own escrow and they may even place it with the owner however, if the brokerage has the money in the escrow account and you get forced to leave an honest brokerage will return your deposit or, better yet, help you find another rental and transfer the deposit to that new one.
Stay away from properties that have anything to do with foreclosure as a renter.
JD â€œDanâ€ Weisenburger, GRI
Vanguard Realty, Inc. GMAC Real Estate