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Some renters everywhere are having to face circumstances in which the landlord of their property in Beaufort SC or anywhere else defaults on their Mortgage... Do they have any rights? Should they be worried? The following article in the Tribune shed some light on what to do... in fact, as Brokers in Beaufort South Carolina, we are here to help you through this process...
"Renters aren't immune to the heartache of foreclosure. When their landlords default on the mortgage, tenants could be squeezed out of a place to live. But often renters aren't aware of their rights in these situations.
"It is extremely confusing," said Maria Foscarinis, executive director of the National Law Center on Homelessness & Poverty. "In fact, the tenant might be going along and paying rent, and may be even paying the rent after the foreclosure is finalized ... not having been notified that (the landlord) is no longer the owner of the property."
State and local laws regarding the foreclosure process and tenant eviction vary throughout the country, she said. To clear up some of the confusion tenants are facing, the center released a report last month, titled "Without Just Cause: A 50-State Review of the (Lack of) Rights of Tenants in Foreclosure." The report is posted on the center's Web site, http://www.nlchp.org/." - follow this link to read the rest of the article.
Beaufort Area Real Estate for Sale
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Today's Rates:
| 30-yr Fixed | 4.96% | 5.12% | | 15-yr Fixed | 4.33% | 4.56% | | 1-yr Adj | 4.12% | 5.11% |
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