| Something very interesting with regards | | | | For example, most states have property |
| to real estate, but unbeknownst to most | | | | records available for view right on the |
| renters of homes or apartments, is that | | | | Internet. From there, the renter can |
| renters must be very aware of exactly | | | | often find all sorts of good stuff, like |
| what they are getting themselves into | | | | the mortgage amount owed on the |
| when they sign a lease contract. | | | | property, the tax records, and the date |
| Due to the high rate of foreclosures | | | | the property was purchased. Many |
| these days, many apartment buildings, as | | | | properties were purchased in the past |
| well as homes are being foreclosed, and | | | | few years with the help of unscrupulous |
| the owners of those properties abdicate | | | | mortgage brokers and lenders, by |
| responsibility to the building or its | | | | investors who couldn't really afford |
| tenants upon foreclosure. So what | | | | their purchases, but were able to close |
| happens if you are a renter, and you | | | | the deals by giving sub-prime mortgages |
| signed a long-term lease, and | | | | to the lender. |
| subsequently the owner undergoes | | | | As the adjustable interest rate on those |
| foreclosure? | | | | mortgages climbed, many owners found, |
| You may end up losing your security | | | | and are finding themselves unable to pay |
| deposit, and your last month's rent, and | | | | their mortgage loans, and of course the |
| you may be forced to evacuate the | | | | result is foreclosure. The innocent and |
| apartment with very little notice, | | | | uninformed renter can be left with no |
| unless you are careful to take the right | | | | place to live, and a loss of the |
| steps. Therefore let the renter beware, | | | | equivalent of two month's rent. |
| and research the status of the space he | | | | Therefore, a renter should research all |
| she/they are about to occupy. Is the | | | | of the readily available information |
| landlord solvent? Are the mortgage | | | | before signing a lease agreement. For |
| payments up to date? Have the property | | | | more information, visit Miami real |
| taxes been paid? These questions can be | | | | estate or the Miami Beach real estate |
| answered more easily than a renter may | | | | blog. |
| think. | | | | |