The San Diego Union-Tribune passes along good advice:
“… you’re going to need to dig a little. First off, be wary if the lease you are signing is too good to be true…. A home or apartment offered for below the market rate or a deal that requires several months of rent upfront are clues that things might not be on the up-and-up. You might also want to check if there is a notice of default on the property…. If you see a notice of default, run, don’t walk, away. Once you are in a property, it’s a good idea to run the same type of check every couple of months to avoid any unwelcome surprises.”
To find out if a notice of default has been filed on the property in which you are renting you can inquire at the local courthouse or search Foreclosure.com.
Remember, too, that we now offer “Foreclosure Street Alerts,” which will notify you via email as soon as a house on your street goes into foreclosure. To receive these free alerts click here.
The sourced article also sheds light on what to do about payment, as well as what your legal rights are as a tenant (will you be evicted?), if you find yourself living in a foreclosed property.
