You may already have legal proceedings against you and you don't even know it. Owners of rental property and other types of real estate that are not owner occupied have an additional problem to deal with: you can't be served a foreclosure notice! By law your lender must send a process server to your home to deliver this chunk of bad news, but there is no law to say they need to hunt you down to hand it to you. Owners who live elsewhere frequently find out the hard way they are losing their homes, and in many situations, they shouldn't be.
If you have any concerns at all, check your local County Clerk website and look under Foreclosure Notices. If your name appears there, contact a real estate attorney who has experience in foreclosures before you lose everything.

No comments:
Post a Comment