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December 5, 2007 at 11:54 AM in reply to: Moving bank to San Diego; Reasonable price for rental? #109417December 5, 2007 at 11:54 AM in reply to: Moving bank to San Diego; Reasonable price for rental? #109527
(former)FormerSanDiegan
ParticipantIs there any risk with paying rent in advance? For example, what if the house gets foreclosed on? Will I get kicked out and lose the remaining rent I paid?
Sure there is some risk. But if the house does not have a NOD when you move in, chances are that you are safe for 6 months. It typically takes at least that long from an initial NOD to completion of foreclosure. Make sure you have a lease agreement and that the 6 months in advance is documented via receipt, in case the owner has to or chooses to sell.
December 5, 2007 at 11:54 AM in reply to: Moving bank to San Diego; Reasonable price for rental? #109559ParticipantIs there any risk with paying rent in advance? For example, what if the house gets foreclosed on? Will I get kicked out and lose the remaining rent I paid?
Sure there is some risk. But if the house does not have a NOD when you move in, chances are that you are safe for 6 months. It typically takes at least that long from an initial NOD to completion of foreclosure. Make sure you have a lease agreement and that the 6 months in advance is documented via receipt, in case the owner has to or chooses to sell.
December 5, 2007 at 11:54 AM in reply to: Moving bank to San Diego; Reasonable price for rental? #109563ParticipantIs there any risk with paying rent in advance? For example, what if the house gets foreclosed on? Will I get kicked out and lose the remaining rent I paid?
Sure there is some risk. But if the house does not have a NOD when you move in, chances are that you are safe for 6 months. It typically takes at least that long from an initial NOD to completion of foreclosure. Make sure you have a lease agreement and that the 6 months in advance is documented via receipt, in case the owner has to or chooses to sell.
December 5, 2007 at 11:54 AM in reply to: Moving bank to San Diego; Reasonable price for rental? #109575ParticipantIs there any risk with paying rent in advance? For example, what if the house gets foreclosed on? Will I get kicked out and lose the remaining rent I paid?
Sure there is some risk. But if the house does not have a NOD when you move in, chances are that you are safe for 6 months. It typically takes at least that long from an initial NOD to completion of foreclosure. Make sure you have a lease agreement and that the 6 months in advance is documented via receipt, in case the owner has to or chooses to sell.
Participantpm kim – Thanks for the insight from the front lines. It’s very much appreciated to get this kind of info.
Participantpm kim – Thanks for the insight from the front lines. It’s very much appreciated to get this kind of info.
Participantpm kim – Thanks for the insight from the front lines. It’s very much appreciated to get this kind of info.
Participantpm kim – Thanks for the insight from the front lines. It’s very much appreciated to get this kind of info.
Participantpm kim – Thanks for the insight from the front lines. It’s very much appreciated to get this kind of info.
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