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  • September 18, 2008 at 8:30 PM #13880
    b
    Participant

    I intend to rent a 1br condo very soon in the Sabre Springs area, as there are a few decent deals out there.

    However, I want to make sure that I rent from an owner who is not (and will not) foreclose on the property when I am there (I believe this is called “rent skimming”).

    The only actions that I can come up with, are:
    1. Check sdlookup.com to see if the condo is listed as foreclosing.
    2. Make it clear to the owner that I will pursue legal action if they ever decided to foreclose. (Although, I don’t know if I could legally do anything… ?)

    What are your solutions?

    September 18, 2008 at 8:51 PM #272404
    dharmagirl
    Participant

    I wonder if security deposits could be held in some type of escrow account for this very reason? I have no idea if that’s ethical, legal, or viable, but at least a renter wouldn’t be completely screwed if the sheriff shows up and invites you to move out.

    We recently bought a house, but for the last 6 months of our rental lease I was worried that the house we were renting was headed to foreclosure. The homeowners had confessed financial problems to me so I had cause for concern…

    In the end things worked out. They even allowed us to use our security deposit as last month’s rent since they knew we would leave the place spotless.

    One other bit of advice: I would be VERY wary of renting a place from Craig’s List or any other dubious/unknown source. I would rent a place through a realtor or agent. At least someone would be accountable…

    September 18, 2008 at 8:51 PM #272645
    dharmagirl
    Participant

    I wonder if security deposits could be held in some type of escrow account for this very reason? I have no idea if that’s ethical, legal, or viable, but at least a renter wouldn’t be completely screwed if the sheriff shows up and invites you to move out.

    We recently bought a house, but for the last 6 months of our rental lease I was worried that the house we were renting was headed to foreclosure. The homeowners had confessed financial problems to me so I had cause for concern…

    In the end things worked out. They even allowed us to use our security deposit as last month’s rent since they knew we would leave the place spotless.

    One other bit of advice: I would be VERY wary of renting a place from Craig’s List or any other dubious/unknown source. I would rent a place through a realtor or agent. At least someone would be accountable…

    September 18, 2008 at 8:51 PM #272651
    dharmagirl
    Participant

    I wonder if security deposits could be held in some type of escrow account for this very reason? I have no idea if that’s ethical, legal, or viable, but at least a renter wouldn’t be completely screwed if the sheriff shows up and invites you to move out.

    We recently bought a house, but for the last 6 months of our rental lease I was worried that the house we were renting was headed to foreclosure. The homeowners had confessed financial problems to me so I had cause for concern…

    In the end things worked out. They even allowed us to use our security deposit as last month’s rent since they knew we would leave the place spotless.

    One other bit of advice: I would be VERY wary of renting a place from Craig’s List or any other dubious/unknown source. I would rent a place through a realtor or agent. At least someone would be accountable…

    September 18, 2008 at 8:51 PM #272694
    dharmagirl
    Participant

    I wonder if security deposits could be held in some type of escrow account for this very reason? I have no idea if that’s ethical, legal, or viable, but at least a renter wouldn’t be completely screwed if the sheriff shows up and invites you to move out.

    We recently bought a house, but for the last 6 months of our rental lease I was worried that the house we were renting was headed to foreclosure. The homeowners had confessed financial problems to me so I had cause for concern…

    In the end things worked out. They even allowed us to use our security deposit as last month’s rent since they knew we would leave the place spotless.

    One other bit of advice: I would be VERY wary of renting a place from Craig’s List or any other dubious/unknown source. I would rent a place through a realtor or agent. At least someone would be accountable…

    September 18, 2008 at 8:51 PM #272719
    dharmagirl
    Participant

    I wonder if security deposits could be held in some type of escrow account for this very reason? I have no idea if that’s ethical, legal, or viable, but at least a renter wouldn’t be completely screwed if the sheriff shows up and invites you to move out.

    We recently bought a house, but for the last 6 months of our rental lease I was worried that the house we were renting was headed to foreclosure. The homeowners had confessed financial problems to me so I had cause for concern…

    In the end things worked out. They even allowed us to use our security deposit as last month’s rent since they knew we would leave the place spotless.

    One other bit of advice: I would be VERY wary of renting a place from Craig’s List or any other dubious/unknown source. I would rent a place through a realtor or agent. At least someone would be accountable…

    September 18, 2008 at 9:35 PM #272444
    SD Realtor
    Participant

    Those are not your only options. You can go downtown and lookup all recorded notices on the property.

    If you are especially concerned about any issues regarding the home, you need to make sure you put it in the lease agreement. Anything and everything that you worry about should be in the lease agreement otherwise it will be difficult for you to get anything after the fact.

    September 18, 2008 at 9:35 PM #272685
    SD Realtor
    Participant

    Those are not your only options. You can go downtown and lookup all recorded notices on the property.

    If you are especially concerned about any issues regarding the home, you need to make sure you put it in the lease agreement. Anything and everything that you worry about should be in the lease agreement otherwise it will be difficult for you to get anything after the fact.

    September 18, 2008 at 9:35 PM #272691
    SD Realtor
    Participant

    Those are not your only options. You can go downtown and lookup all recorded notices on the property.

    If you are especially concerned about any issues regarding the home, you need to make sure you put it in the lease agreement. Anything and everything that you worry about should be in the lease agreement otherwise it will be difficult for you to get anything after the fact.

    September 18, 2008 at 9:35 PM #272733
    SD Realtor
    Participant

    Those are not your only options. You can go downtown and lookup all recorded notices on the property.

    If you are especially concerned about any issues regarding the home, you need to make sure you put it in the lease agreement. Anything and everything that you worry about should be in the lease agreement otherwise it will be difficult for you to get anything after the fact.

    September 18, 2008 at 9:35 PM #272759
    SD Realtor
    Participant

    Those are not your only options. You can go downtown and lookup all recorded notices on the property.

    If you are especially concerned about any issues regarding the home, you need to make sure you put it in the lease agreement. Anything and everything that you worry about should be in the lease agreement otherwise it will be difficult for you to get anything after the fact.

    September 18, 2008 at 10:14 PM #272479
    b
    Participant

    Interesting. I’ll definitely have to add something to the lease agreement, then.

    September 18, 2008 at 10:14 PM #272720
    b
    Participant

    Interesting. I’ll definitely have to add something to the lease agreement, then.

    September 18, 2008 at 10:14 PM #272726
    b
    Participant

    Interesting. I’ll definitely have to add something to the lease agreement, then.

    September 18, 2008 at 10:14 PM #272768
    b
    Participant

    Interesting. I’ll definitely have to add something to the lease agreement, then.

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