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December 5, 2007 at 12:01 PM in reply to: Moving bank to San Diego; Reasonable price for rental? #109569December 5, 2007 at 12:01 PM in reply to: Moving bank to San Diego; Reasonable price for rental? #109574
Eugene
ParticipantFor example, what if the house gets foreclosed on? Will I get kicked out and lose the remaining rent I paid?
Well, you will have a contract that specifies that you want your money back if you’re evicted for any reason (including fire, flood, or foreclosure). If he does not cooperate, you can threaten to take him to the court. Assuming he still has your money.
There are a few things you should do to protect yourself. Avoid renting houses bought in 2005-2006. Before moving in, check if NOD has been filed against the house. Don’t pay more than six months’ rent at once. If NOD does get filed, switch to month-to-month payments. Once your landlord defaults on his mortgage, you have four months or more until the foreclosure auction. Worst case scenario, you get a notice of default the day after you paid 6 month rent, you will lose 2 months.
December 5, 2007 at 12:01 PM in reply to: Moving bank to San Diego; Reasonable price for rental? #109585ParticipantFor example, what if the house gets foreclosed on? Will I get kicked out and lose the remaining rent I paid?
Well, you will have a contract that specifies that you want your money back if you’re evicted for any reason (including fire, flood, or foreclosure). If he does not cooperate, you can threaten to take him to the court. Assuming he still has your money.
There are a few things you should do to protect yourself. Avoid renting houses bought in 2005-2006. Before moving in, check if NOD has been filed against the house. Don’t pay more than six months’ rent at once. If NOD does get filed, switch to month-to-month payments. Once your landlord defaults on his mortgage, you have four months or more until the foreclosure auction. Worst case scenario, you get a notice of default the day after you paid 6 month rent, you will lose 2 months.
December 5, 2007 at 3:56 AM in reply to: Moving bank to San Diego; Reasonable price for rental? #109103ParticipantBy South Carlsbad, do you mean Pointsettia Lane west of 5, or do you mean Melrose Drive? Or something in between?
December 5, 2007 at 3:56 AM in reply to: Moving bank to San Diego; Reasonable price for rental? #109211ParticipantBy South Carlsbad, do you mean Pointsettia Lane west of 5, or do you mean Melrose Drive? Or something in between?
December 5, 2007 at 3:56 AM in reply to: Moving bank to San Diego; Reasonable price for rental? #109243ParticipantBy South Carlsbad, do you mean Pointsettia Lane west of 5, or do you mean Melrose Drive? Or something in between?
December 5, 2007 at 3:56 AM in reply to: Moving bank to San Diego; Reasonable price for rental? #109252ParticipantBy South Carlsbad, do you mean Pointsettia Lane west of 5, or do you mean Melrose Drive? Or something in between?
December 5, 2007 at 3:56 AM in reply to: Moving bank to San Diego; Reasonable price for rental? #109259ParticipantBy South Carlsbad, do you mean Pointsettia Lane west of 5, or do you mean Melrose Drive? Or something in between?
December 5, 2007 at 12:35 AM in reply to: Moving bank to San Diego; Reasonable price for rental? #109093ParticipantThere aren’t many 2500 sf rentals out there. Single-family homes simply weren’t built this big until 90’s.
These are your options:
2500 sf along the coast – hard to find, $4000+
http://sandiego.craigslist.org/apa/493605278.html2500 sf in Scripps Ranch – $3000-$3500
http://sandiego.craigslist.org/apa/495557460.html2500 sf in recently overbuilt areas like Otay Lakes or San Marcos – good selection, horrible commute, $2000-$2500
http://sandiego.craigslist.org/apa/496421173.html1800 sf in Clairemont or UTC – good selection, good commute, older house, $2000-$2500
http://sandiego.craigslist.org/apa/495623552.html
http://sandiego.craigslist.org/apa/498738860.htmlDecember 5, 2007 at 12:35 AM in reply to: Moving bank to San Diego; Reasonable price for rental? #109201ParticipantThere aren’t many 2500 sf rentals out there. Single-family homes simply weren’t built this big until 90’s.
These are your options:
2500 sf along the coast – hard to find, $4000+
http://sandiego.craigslist.org/apa/493605278.html2500 sf in Scripps Ranch – $3000-$3500
http://sandiego.craigslist.org/apa/495557460.html2500 sf in recently overbuilt areas like Otay Lakes or San Marcos – good selection, horrible commute, $2000-$2500
http://sandiego.craigslist.org/apa/496421173.html1800 sf in Clairemont or UTC – good selection, good commute, older house, $2000-$2500
http://sandiego.craigslist.org/apa/495623552.html
http://sandiego.craigslist.org/apa/498738860.htmlDecember 5, 2007 at 12:35 AM in reply to: Moving bank to San Diego; Reasonable price for rental? #109233ParticipantThere aren’t many 2500 sf rentals out there. Single-family homes simply weren’t built this big until 90’s.
These are your options:
2500 sf along the coast – hard to find, $4000+
http://sandiego.craigslist.org/apa/493605278.html2500 sf in Scripps Ranch – $3000-$3500
http://sandiego.craigslist.org/apa/495557460.html2500 sf in recently overbuilt areas like Otay Lakes or San Marcos – good selection, horrible commute, $2000-$2500
http://sandiego.craigslist.org/apa/496421173.html1800 sf in Clairemont or UTC – good selection, good commute, older house, $2000-$2500
http://sandiego.craigslist.org/apa/495623552.html
http://sandiego.craigslist.org/apa/498738860.htmlDecember 5, 2007 at 12:35 AM in reply to: Moving bank to San Diego; Reasonable price for rental? #109242ParticipantThere aren’t many 2500 sf rentals out there. Single-family homes simply weren’t built this big until 90’s.
These are your options:
2500 sf along the coast – hard to find, $4000+
http://sandiego.craigslist.org/apa/493605278.html2500 sf in Scripps Ranch – $3000-$3500
http://sandiego.craigslist.org/apa/495557460.html2500 sf in recently overbuilt areas like Otay Lakes or San Marcos – good selection, horrible commute, $2000-$2500
http://sandiego.craigslist.org/apa/496421173.html1800 sf in Clairemont or UTC – good selection, good commute, older house, $2000-$2500
http://sandiego.craigslist.org/apa/495623552.html
http://sandiego.craigslist.org/apa/498738860.htmlDecember 5, 2007 at 12:35 AM in reply to: Moving bank to San Diego; Reasonable price for rental? #109249ParticipantThere aren’t many 2500 sf rentals out there. Single-family homes simply weren’t built this big until 90’s.
These are your options:
2500 sf along the coast – hard to find, $4000+
http://sandiego.craigslist.org/apa/493605278.html2500 sf in Scripps Ranch – $3000-$3500
http://sandiego.craigslist.org/apa/495557460.html2500 sf in recently overbuilt areas like Otay Lakes or San Marcos – good selection, horrible commute, $2000-$2500
http://sandiego.craigslist.org/apa/496421173.html1800 sf in Clairemont or UTC – good selection, good commute, older house, $2000-$2500
http://sandiego.craigslist.org/apa/495623552.html
http://sandiego.craigslist.org/apa/498738860.htmlParticipantYou’re welcome.
You’re also missing the fact that their current state of affairs generates ~$500/month in mortgage interest deduction. They wouldn’t really save all that much money by renting.
ParticipantYou’re welcome.
You’re also missing the fact that their current state of affairs generates ~$500/month in mortgage interest deduction. They wouldn’t really save all that much money by renting.
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