"I know there's a way that a person can be notified if a property goes in default. I believe your name would have to be on record with the county court house as being one to notify if property had a "notice of default" recorded against…"
sandy rudulph's Discussions
Owner Foreclosures
Started this discussion. Last reply by Karen McDaniel Aug 3, 2010. 3 Replies 0 Likes
sandy rudulph's Page
Latest Activity
Karen McDaniel replied to sandy rudulph's discussion Owner Foreclosures
"In this economy, owners walking away from their properties is just another part of the overall beast in this market today. Most of these owner did not want this to happen and most would be willing to renegotiate mortgage terms if it were at all…"
Jeremy Tallman replied to sandy rudulph's discussion Owner Foreclosures
"The PROTAFA regulations protect tenants with a bona-fide lease. It's not ideal, but tenants are able to stay in the property through the terms of their lease, even if the Owner changes hands. As for collecting management fees... good luck with…"
sandy rudulph posted a discussion
Owner Foreclosures
With all the financial problems out there, we are now running into owners who are not paying their mortgage and letting the house foreclose. Of course, this becomes an unconfortable situation for the tenants when someone knocks on their door informing them someone else now owns the house. How have all of you handled this? Has anyone come up with a method of protecting their company from owners who do this. Would love to have some input from all you experienced property managers. Thanks
sandy rudulph replied to Karen Dvorak's discussion How do you deal with Owners with unrealistic expectations? in the group Residential Rentals
"That's a tough one. We all deal with this everyday. I try to keep in mind that this owner is probably really hurting for money in this economy. Also, we get a lot of houses that have been on the sales market and have not sold. I first tell them…"
Profile Information
- What do you do?
- property manager
- Website Address
- http://srudu@aol.com
- Company Name
- rudulph real estate
- Additional Website?
- http://rudulph@aol.com
- How many units do you own or manage?
- 375
Comment Wall (1 comment)
- At 7:21am on July 12, 2009,
Dee Allomong said… - Hi Sandy!
Thanks for joining the LTPM Community! It will be fun to get to know you better. How did you find out about the community?
Welcome!
Dee Allomong
We're also on:
Photos
Forum
Running a Property Management Company
To discuss best practices in the Property Management Industry
44 discussions
Landlord Tips
Landlords share tips about how to avoid pitfalls when managing your own rentals.
9 discussions
Technology for Property Management
Share the tools that have modernized the way you manage your rental portfolio
7 discussions
© 2012 Created by Dee Allomong.
