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Foreclosure in Calumet City : Real Estate Advice

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Stephen Katz, Real Estate Pro in Atlanta, GA
Sun Jul 4, 2010
Stephen Katz answered:
As long as the reprieve for the owner is still on the effect or if he or she is working on a negotiation to save the house from being taken over by the lending company, an owner can rent out a foreclosed home.

It is imperative that you do extensive research on the house you are trying to rent with the lending companies with the area if the house is about to be taken over or in the internet if the house is already on the auction block (because these are information that most seedy landlords will left out), because once this happens and you have already payed the rent in advance, the contract will be considered null and void and it is highly unlikely
you will get your money back
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