There`s a new breed of Scam Artists out there. This time it Landlords who are facing Foreclosure and refuse to disclose the information to an unsuspecting tenant.
Many of these unscrupulous Landlords believe their in the right to pocket whatever cash they can before the "Banks Take Possession" of their home.
The tenants in the meantime must scramble to locate a new home,many times forfeiting their security deposits as well.
The Florida Landlord Tenant Law offers little consolation to these unsuspecting people.
They can go to small claims and sue the landlord,but in the meantime, many are faced with a harsh reality they must vacate the home within 5 days after receiving Foreclosure notice.
The banks don`t care, it`s not their problem as the home goes on sale at the court house steps!
Some Realtors in our area place these homes on the MLS not quite understanding what they`re doing,or maybe not really caring.
Realtors should pay more attention,but they don`t.They believe their helping the landlords.
Recently, we`ve begun to place clauses in our "Agreements to enter into a Lease" stating the "Landlord is current on all mortgage payments" and the "Home isn`t under Foreclosure or Short Sale",whether this holds up as legal and binding is quite another story.
The NAR should be addressing this issue,but so far they haven`t. neither has FAR or the local Real Estate Boards throughout Florida and the rest of the country!
We`re in swimming in "New Waters" as Real Estate Professionals.
This issues must be addressed when assisting potential tenants who are in dire need of a home for rent.
For additional information: Contact The Scott Daniels Real Estate Group @ 954-275-0200.
email:realestatefla1@yahoo.com
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