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Tuesday, May 20, 2014

Ventura County Short Sales: Can I Rent My Ventura County Home If It Is In Foreclosure?

By Chris B Johnson Realtor,  Thousand Oaks Short Sale Map, Simi Valley Short Sale Map,
Moorpark Short Sale Map- Ventura County Short Sale, 

http://moorparkshortsalespecialist.com/short-sale-decision-maker/ Moorpark CA – The Stop Foreclosure Institute of Ventura County recently received a question about renting a home in foreclosure.
Short Sale Question: I am selling 2 of homes that are short sales. I would like to rent the homes during the foreclosure process. I will continue to pay the home owners association fees. I will not be paying the mortgage.
Is it legal to do this? Is there any liability that comes with it?

Click here to discover how other sellers successfully did a short sale and avoided foreclosure.

Here was our answer to them. The Stop Foreclosure Institute is not a law firm. Therefore, we can’t answer as to whether or not it is legal. We recommend that you check with a lawyer before making a decision.
We do know that there are laws forbidding that practice in many states. For example, California recently passed a law that stated that you had to notify any potential renter whether or not the home was in foreclosure before renting.

From what we have heard about the law, if you lease a property in foreclosure and don’t tell the tenants, then it is a criminal offense.

If it was a problem in California, then it was a problem in other states and they probably passed similar laws. We have seen cases in the past where a homeowner sold their home as “Owner Financing.

The home was in foreclosure and buyers filed a police report. The sheriff’s office investigated the homeowner for fraud. The people who thought they were buying the home paid the owner a large down payment.

They didn’t know the home was in foreclosure. He disappeared with their money and they were kicked out by the bank.

We don’t know what ended up happening. The bottom line is that anything fishy can have future repercussions. So check with a lawyer to make sure you won’t have any problems. Thinking about a short sale?

I can help you short sale your property and get back on your feet. Send me an e-mail at cjohnson@prucalhomes.com. I will contact you for a free consultation.

When we talk, I will explain how the process works in detail and answer any questions you may have. Or, if you prefer, you can call me at 805-208-0823

Discover how other sellers successfully completed a short sale and request a free consultation by clicking here.

Thinking about a loan modification? Our Moorpark loan modification kit has the instructions you will need to get a loan modification approved with your bank. Click here to request a copy.

Thanks for reading this,


Chris B Johnson.
Chris B Johnson is a Realtor with Prudential California Realty, Berkshire Hathaway Home Services .
Phone: 805-208-0823. cjohnson@prucalhomes.com.

Certified HAFA Specialist, Certified Short Sale
View My homes for sale at www.ChrisBJohnsonRealtor.com.

Chris B Johnson specializes in loan modification assistance and short sales in Ventura County California. Ventura County Loan Modification Help, Ventura County short sales. Ventura County Short Sale Realtor Moorpark CA Short Sales. Moorpark Realtor.

Copyright 2012 SFI Marketing Institute, LLC. All Rights Reserved.

Important Notice
Chris B Johnson, Prudential California Realty, Berkshire Hathaway Home Services, and the Stop Foreclosure Institute are not affiliated in any way, shape, or form with the government. Our services have not been reviewed or endorse by the government or your lender. Most lenders willingly work with agents on short sales. Why?

Because most short sales are beneficial to a lender. If you accept our offer to help you on a short sale, your lender may not agree to a short sale or to modify your loan. We do offer a loan modification kit.
However, the likelihood of negotiating a modification is like everything else in life. It takes work and persistence to convince your lender to modify your loan. No matter what you or we do, your lender may not approve a loan modification.

We do not recommend that you stop paying your mortgage, because this will cause damage to your credit and could cause you to lose your home. Because we know avoiding foreclosure is so important to any homeowner, we recommend that you speak with the appropriate legal or tax advisor before making any decision.

This is not intended as legal, technical, or tax advice. Please speak with a licensed professional before making any decision. Information is deemed reliable but not guaranteed as of the date of writing.
You have the option to reject a short sale or loan modification from your lender if it does not meet your approval. If you decide not to go thru with the short sale, then you do not have to pay us our fee. We normally make a real estate sales commission for helping you on a short sale.

The views expressed here are Chris B Johnson’s personal views and do not reflect the views of Prudential California Realty, Berkshire Hathaway Home Services .

This information on Moorpark Short Sales: Can I Rent My Home If It Is In Foreclosure? is provided as a courtesy to our viewers to help them make informed decisions.
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About Us

Chris Johnson is a real estate agent with Prudential California Realty. He specializes in helping sellers avoid foreclosure.

Chris joined the Stop Foreclosure Institute to assist homeowners in Ventura County and the surrounding areas. The Stop Foreclosure Institute offers training and education to Real Estate Agents. Chris has been accepted as a member by the Stop Foreclosure Institute. The local members assist homeowners in their area to avoid foreclosure. They are trained in many of the different techniques to avoid foreclosure.

Here are a few of the ways that the Stop Foreclosure Institute can help you avoid foreclosure.

1. We offer a low cost Loan Modification Kit to homeowners who want to use it to reduce their mortgage payment and avoid foreclosure. Getting a loan modification is tough and we include the tools you will need in order to get your best shot at having your lender approve your loan modification.

2. We help homeowners in foreclosure stop harassing debt collector phone calls and regain their sanity. You can stop the Debt Collector Calls. You can even get up to $1,000 from any debt collector who calls you after you request they stop.

3. We assist homeowners who would like to sell their home. We can help you sell normally if you have equity. If you are upside down, then we will assist you with a short sale. This is when the lender allows the house to sell and accepts less than what is owed. Chris specializes in short sales in Ventura County and the surrounding areas.

We believe that selling a home is only one of many options available to homeowners to avoid foreclosure. Please call me at (805) 208-0823 to get more info on the Loan Modification Kit or to discuss a short sale.
Sincerely,

Chris B Johnson
Prudential California Realty.
Office: (805) 208-0823
E-mail: cjohnson@prucalhomes.com

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