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Updated over 14 years ago on . Most recent reply

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J Richardson
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Proving the property isn't being foreclosed

J Richardson
Posted

I'm actually getting this all the time now, since times have changed. Everybody wants to make sure that I own the property and that I'm not going to be foreclosed on, so that I'm not collecting rent and the tenant will be kicked out in a few months.

The new tenant I have kept telling me he wants proof, which he mentioned a statement that shows I've paid up, but I prefer not to show them how much I pay for the property every month. So I'm not sure if contacting the bank or asking for a letter is something that I should do?

At first I thought it was just one individual, but now I've ran into 3 different people who want to make sure I'm not going to foreclose on the property. I'm in the state of Florida that I personally know people who are going through the foreclosure process on their house, so they rented it out for months without paying the mortgage. So I completely understand tenants concerns.

Most Popular Reply

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Vikram C.#5 Off Topic Contributor
  • Real Estate Investor
  • Phoenix, AZ
1,843
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Vikram C.#5 Off Topic Contributor
  • Real Estate Investor
  • Phoenix, AZ
Replied

The tenant can search the county recorder and find that there is no notice of default against you. That should take care of it.

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