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Yes you can, but in most states you have to tell the potential tenant about this foreclosure.
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∙ 11y ago
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If your house was in foreclosure what would be your greatest need?
My house is going through foreclosure. My biggest need is money to move and finding a place to rent.
What is a pre foreclosure home?
A pre-foreclosure home is a home in which the owner is in immediate danger of losing their home, possibly due to unpaid loans or mortgages, but has not lost it yet.
Foreclosure can you buy a new home with cosigner?
You can buy a home after foreclosure without a cosigner as soon as 6 months after a foreclosure 12 months if it's also a bankruptcy. The issue is the interest rate. Unfortunately a cosigner doesn't seem to help much in getting the interest rate better. The good news is that in the current market, you are bound to find plenty of homes for rent very cheap. Many times below what the interest rate is. If you are younger you still have many years to rebuild your credit and hopefully you can get back into your own home with a reasonable rate in 7-8 years after your foreclosure. You can buy a home after foreclosure without a cosigner as soon as 6 months after a foreclosure 12 months if it's also a bankruptcy. The issue is the interest rate. Unfortunately a cosigner doesn't seem to help much in getting the interest rate better. The good news is that in the current market, you are bound to find plenty of homes for rent very cheap. Many times below what the interest rate is. If you are younger you still have many years to rebuild your credit and hopefully you can get back into your own home with a reasonable rate in 7-8 years after your foreclosure.
When in strict foreclosure in Ct how long before you have to get out of home?
I will be a hearing on Tuesday, 10/23 for a Strict Foreclosure. Once granted, how long will I have to get out of the home?
Where can one find listings of homes in foreclosure?
Listings of homes in foreclosure can be found on Realty Track, Bank of America, Home Finder, Zillow, Orlando Sentinel, Home Path, Real LePage and Alabama Foreclosure.
Can you rent out that home while that home is in foreclosure?
Yes, you can. But you must tell your new tenant about the foreclosure so that he can make a good decision on whether to rent the home. The new tenant will receive instructions from the foreclosing entity when the process has reached that point.
If your renting a home in foreclosure when do you stop paying rent?
Not until there is a foreclosure sale.
Where can you find help with our home foreclosure?
There's plenty of ways to help with your home foreclosure. If you really would need to stick to it, you should apply for loans everywhere or just temporary have someone rent the house.
The home I am renting was recently sold through foreclosure. Do I still pay rent to my landlord?
Definitely not. The previous owner is no longer your landlord, and not entitled to any rent.
Can a landlord sue for back rent if they lose the property in a foreclosure?
The tenant owes the rent to the landlord up the day of a foreclosure sale.
Do you continue to pay rent when a foreclosure sale has been postponed?
Yes. The tenant owes the rent to the landlord, right up until the foreclosure sale happens.
Do you have to pay your rent to owner who is inforeclosure?
Until the foreclosure sale takes place, the rent is owed to the owner on the rent day.
Do you have to pay rent to a landlord who's property is in default?
Yes, you have to pay rent to a landlord whose property is in default. As long as the landlord still has control over the property he can still collect rent from you and evict you if it's not paid. A foreclosure of a home is a matter between the owner of the home and his lender, not the tenant.
Can a homeowner rent a house that is already in foreclosure?
The homeowner must disclose to the renter the home is in the foreclosure process. There may be fraud involved if the potential tenant is not given notice.The homeowner must disclose to the renter the home is in the foreclosure process. There may be fraud involved if the potential tenant is not given notice.The homeowner must disclose to the renter the home is in the foreclosure process. There may be fraud involved if the potential tenant is not given notice.The homeowner must disclose to the renter the home is in the foreclosure process. There may be fraud involved if the potential tenant is not given notice.
Can a foreclosure attorney collect rent from a tenant before the sale?
yes
Do you keep paying rent to your landlord being that foreclosure letter are coming to the home?
yes. you arer under contractual obligation to pay regardless of what is happening with the landlord
When does a bank issue a foreclosure notice?
Usually after 3 months of not making payments on your mortgage or rent, you will get a foreclosure notice. If you are renting its usually sooner.
