Mesa, Arizona - Suggestions to Protect Tenants in Event of Foreclosure!

I've posted an article or two warning potential tenants in and around the Phoenix Valley and Mesa, Arizona that some of the landlords are upside down - thereby creating foreclosure proceedings. One of the unintended victims: the tenant. I have been searching for a way Movingfor the tenant to protect themselves in this situation. I've listed four ideas below:

  1. Try and find out just when the home was purchased. Sometimes you can do this through a Realtor or the title company, or on line with the Maricopa County Recorder's Office. Finding out the year (2004-2006) could be a red flag. Better yet, if you can find out what the mortgage amount is, that will help as well. True, it is difficult, but being diligent in this regard can save stress down the line.
  2. Have a clause written in the Lease that will allow you, the tenant, to be given notice or permission to check with the lender to make sure the owner is keeping up with the payments.
  3. Record your lease with the County Recorder, thereby getting faster notice of pending problems. Notices of Trustee's Sales are typically sent to everyone with a recorded document.
  4. Always deal with a management firm, because deposits will likely be kept in an escrow account that's off limits to the owner.

These are just a few precautionary steps to take when leasing a home. Otherwise, unbeknown to the Movingtenant, a Trustee's Sale could be in the works, and the tenant isn't informed until perhaps 30 days or less before they are required to vacate the premises.

 

 

 

Pepper

Mesa, Arizona Real Estate. Call me at: 480.216-3334 for information on purchasing or selling a home in Mesa, Arizona or surrounding towns. OR email me: Teri@TeriEllis.com. Feel free to visit one of my websites: HomesAzRE.com, MoveToMesaAz.com or MoveToSunnyAz.com. Or stop by my blogs at: MesaAzRealEstateVoice; or Phoenix Valley Real Estate Blog

Twitter Button from twitbuttons.com


Google Teri Ellis

 


Mesa, Arizona Real Estate. Call me at: 480.382-8711 for information on purchasing or selling a home in Mesa, Arizona or surrounding towns. OR email me: Teri@TeriEllis.com. Feel free to visit my website: HomesAzRE.com, or stop by my blogs at: MesaAzRealEstateVoice and AzLadyInRed!



Mesa, Arizona - Suggestions to Protect Tenants in Event of…
share
I've posted an article or two warning potential tenants in and around the Phoenix Va lley and Mesa, Arizona that some of the landlords are upside down - thereby creating foreclosure proceedings. One of the unintended victims: the tenant. I have been… more
Mesa, Arizona Offers Drop-Off Sites for Christmas Trees! Recycle your…
share
For those of you in Mesa, Arizona who purchase and use live Christmas trees - now there is a place to take your tree and have it recycled - FREE. The City of Mesa at mesaaz. gov/waste has great information on all types of recyling, but to take… more
Mesa, Arizona Temple Lights and Displays! Every Evening Through…
share
For anyone living or visiting in or around Mesa, Arizona be sure and include a visit to the annual display of lights at the beautiful Mesa Temple Since it is Christmas, and it had stopped raining, my husband and I decided to visit the temple… more
Queen Creek, Arizona - 19120 East Canary Way - Awesome Home Now on…
share
Now that the interest rates are as low as they are, it's an especially great time to purchase a home! I've prepared a Real Estate Show presentation, but I also want to share some photos that are on the MLS and cannot be seen there. This is a… more
Mesa and Phoenix, Arizona Appliance Rebate Available On or Before…
share
Now this is great news! For new home buyers, here's an opportunity to save money on your appliances! Purchasing a super-efficient dishwasher and clothes washer, before December 31 comes with a $20 to $75 cash rebate. Be sure to stop by www… more
Buckeye, Arizona - Restored 1938 Office/Retail Building ~ $195, 000!
share
If you've been looking for a new place to set up your office, here is a prime piece of commercial real estate available for purchase. Located on the main street in Buckeye, Arizona, the office has been completely restored and brought up to code. New… more
Phoenix and Mesa, Arizona - Buyers! What Do You Know About the CC&…
share
In the Phoenix Valley many/most of the newer communities have a Home Owner Association. That means, for those who don't know, that there are "Covenants, Conditions and Restrictions" governing the community. Buyers when you purchase a… more
Phoenix, Arizona ~ APS Electric Light Parade - December 6!
share
The holiday season will be ushered in at the annual APS Electric Light Parade on Saturday (tomorrow) the 6th of December. This will be the 22nd annual parade featuring illiminated floats, marching bands and helium balloons. The parade will begin on… more
Phoenix gearing up to celebrate its biggest event of the year! The…
share
Be sure and join up with other Phoenicians when we take advantage of the Phoenix free METRO train rides between 10:00 a. m. and 8:00 p. m. ON Saturday, December 27, 2008!! Take a ride along the 20-mile route between Phoenix and Mesa and a series of… more
Mesa and Phoenix, Arizona Has A Save Our Space Campaign - Disabled…
share
In Phoenix and Mesa Arizona we have a Save Our Space Campaign. I would think this would be viable across the country, but I wanted to share this information for those who disregard that blue sign. I don't know about you, but it… more