If you spend any amount of time perusing real estate question and answer forums, you will find an inordinate number of questions framed something like this: My rental is being foreclosed on, should I keep paying my rent? Or the slightly more hostile version: If my landlord isn't making his mortgage payments, why should I send him my rent check? Let's start by looking at what a lease is. You all know it's that document you and your landlord sign before you take possession of a rental property. … [Read more...]
Is Your Landlord In Foreclosure?
As the number of foreclosures across the nation continues to set records, there is a sub-set of society that is being impacted that most people don't first think of when they think of foreclosures... Renters. It is becoming more common for someone to have signed a rental agreement with a landlord who at some point during said agreement becomes delinquent and allows the property to go into foreclosure. What kinds of rights do you have if you are a renter in this situation? According to … [Read more...]
The Phoenix Real Estate Guy was started by Jay Thompson, and I have a little blogging problem... he liked to say...