Update on Tenants in New Foreclosure Listing to be Evicted

The tenants that are living in the foreclosure listing that I recently acquired, called me on Thursday to fill my head with LIES.

She started by telling me that she didn't see the Notices that were posted on her door. I left two on 4/8/09: Cash for Keys & 30 days to vacate. I left my contact info on the notices, as well as a business card. Did I received a phone call, email, text??? NO!

I visited again and talked to a gentleman who said that he lived there with another lady so I gave him my business card and asked for a phone number and suprisingly engough he gave me a working number.

I called the number and left a message that we were getting ready to go through the eviction process and have the constable to come out and place their personal belongings to the curb since they didn't want the cash for their keys.

Miss Lady called to say that they didn't know that the property had been foreclosed. They never received any notices to continue to make the mortgage payment after their father died and they thought that the life insurance policy would pay. OK!

They even decided to call the lender to offer to pay the mortgage. Too bad their call was a couple of months too late because the lender would have worked with them. They even offered to pay $600 a month for rent. Now what makes them able to pay a $600 rent payment when they didn't pay their $200 mortgage payment? Can they be trusted?

The sad part about the whole situation is that they could have saved the house from foreclosure by contacting the lender. Now they will have to find another place to call home and pay more than they obviously can pay for rent.

If your are facing foreclosure, contact your lender. They want to work with you because it is less costly for them to do a loan modification than to foreclose and evict. If there is no way that you can pay your mortgage, call me and attempt a short sale. If all else fails, accept the cash for keys and use those funds to make a new start. Good Luck!