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Renters Be Careful

Posted on Dec 10, 2009

Be careful when you rent, check out the landlord. Usually it is the landlord checking out the tenant, but in this economy there are people just trying to get money any way they can, even though it can hurt someone else. Your landlord may be losing the home you are renting.

Landlords who know they no longer can afford their home are renting it, but the renter comes to find out, the home is being foreclosed on, and they living there is no longer a feasibility. Besides the harassment of notifications, there are no repairs being done and you have lost your security deposit. You can of course attempt to get it back through the court system, but this landlord has no money.

If you can at all purchase a home, there is probably no better time. Interest rates are at their lowest, prices are at their lowest. If you are still fearful of owning a home, call a mortgage lender today and see what you would qualify for - you might be surprised that you can purchase for what you could rent. There are programs in the Hernando County area (Spring Hill, Weeki Wachee and Brooksville) that qualify for USDA loans (no money down). Once you know that you are comfortable with a payment, call a Realtor to find your home. Why give the landlord your money.

We will always keep you posted.

Have a great day and enjoy!

 

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