You are thinking about renting a home, doing a lease option, or any type of seller financing, be sure to check on the seller as much as they check on you
Example: You rent a home and pay your landlord on time every month and then suddenly you start to see notices coming from the bank, the sherriff shows up with an eviction notice, or you have a sudden eviction from the owner of the home.
Good Read from Legal Encyclopedia
http://www.nolo.com/legal-encyclopedia/article-30064.html
Your first question is, How can this happen? I can't be evicted if I have followed all the rules of the lease-can I?
It does happen and there are resources to help when it does.
Many renters are unaware of the landlords financial situation when they sign a lease. You may pay rent to a landlord who is not paying their mortgage and they can get away with that for a long time before the bank forecloses on the home you are living in.
If you are thinking about renting a home, make sure you research the owner of the home as closely as they research you!
If you are able to buy a home, your investment will be more secure, however, if you are going to rent, lease option, do seller financing, or buy a home, hire an attorney to look into the contracts and title work so you don't end up with a landlord or seller that can't pay the bills.
I can help you with rentals as well as buying your first home!
