If you are getting reduced rent to keep the house from being vandalized you should be OK. If you want to check on the home to know what the status is as far as a pending foreclosure here is a great site. www.RentalForeclosure.com It is easy to set up. Just so you don't get any surprises.
Location, Location, Location means higher rents. Close to employment centers, close to freeway, good size yard for pets, are all getting my investment houses much higher rents. With gas prices at $4.00 a gallon, every mile further away from work and with traffic congestion will effect demand for rental housing
David Cooper. Licensed Professional Investor, 35 Years Experience
Get Your FREE List of Bargain Homes at http://www.lasvegaswinner.org
or Call +1-702-739-8820 Since 1917 Realty.... more
Losing your home is certainly a life changing experience and your hurt is justified. However, you signed a legal agreement to make the payments and Fannie Mae took the legal action to redeem their collateral when you didn't make the payments. Sorry, but that's the law.
David Cooper Proefessional Investor with a Real Estate License
Free List of Foreclosure Houses. Go Here: http://www.lasvegaswinner.org... more