Those cost can be recovered, though I know it doesn’t always work out as well for some. The man who rented from my mom had a good job a 4 mouths to feed, he couldn’t quit his job. Though I have no idea why he would do to my mom what he did knowing that. He ruined his situation for years to come and now that houses have come down, his chance to own.
It doesn’t make sense to me to risk losing your opportunity to buy a home over the owner’s foreclosure.
At least wait until you KNOW he is down to his last 30 days or so. If he is going to lose his house in 30 days you can be sure he’s not comming after you. But if he has 6-8 months I wouldn’t risk it. Your rent is free money. If it were me, I’d sue you.
P.S. I am just expressing my opinion, I don’t think of anyone as being “a squatter”. Just that I don’t think it is a good idea……….
