Tuesday, May 12, 2009

Renters Beware of Foreclosures

No... Not the Economy again.
Property owners are trying to hang on everywhere. This is starting to affect the renter's market.
Looking for a room for rent or a new apartment for rent? Beware of houses under foreclosure or on their way to foreclosure. Renters belongings can be gobbled up by the property owner's creditor or thrown out on the street without a warning. Some renters will also be out on the street without notice in some cases. I have heard more than a few of these stories circulating from military folks offbase in Hawaii. I may find myself in the same situation.