CA Tenant: Defensive house leasing in current turbulence? ( inlude Stop House Foreclosure )
What should renters look for in choosing a house to rent to make sure
that the house doesn't go into foreclosure or be put up for sale
while you are renting?
With the recent torrent of San Diego house rentals, how can you defend
against these problems? Should you choose a place that has a property
management company running it? What kinds of questions should you ask?
It would be a drag to have to move again if the house goes into
foreclosure. My understanding is that if the house is sold while under
lease, the new owner must honor the lease.
- In California you are correct. The rules are different in other
states, but AFAIK a "lease" (fixed-term rental contract, e.g. 1 year)
will continue even if the house is sold or the mortgage foreclosed.
It appears that this remains true even th