Asked by Abigail Bussard, Oak Park, IL • Fri Sep 7, 2012
I am interested in a condo that is listed with an agent - however it's described as a "month to month" lease due to it being in pre-foreclosure. They require a credit check, and a security deposit. I am leery of giving a security deposit to an owner not paying his mortgage, and assumedly behind on his bills. Since this condo was basically "abandoned" by the owner - would I be paying the owner the rent, or is the homeowners association/mgmt company in charge of the unit now? Thanks!
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