Profile picture for rooma

As a renter do I have a right to ask my landlord for proof that the mortgage is current?

  • July 23 2010 - Henderson
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Answers (11)

It's happening in our area too.  We have a system in our area too that is supposed to flag properties that are in the foreclosure process, but that doesn't always help -- however -- it is about the best option right now unless you have something in your contract that requires the landlord to occasionally show you proof.
  • August 06 2010
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Why ask the landlord, you may not get a honest answer.

Find a Realtor and ask him/her to lookup the home for you.

Most all Realtor have access to tax records via the MLS or top agents will also have access to Foreclosure Radar. A forward thinking agent will be glad to offer this service to you free and ask that you keep them in mind for when the time come to make the step up to homeownership.

Sidney Kutchuk



 
  • August 05 2010
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This is happening all over Las Vegas where landords offer very low prices on rentals and a few month later you get a note on your door that the house is being foreclosed on. Under the new Nevada law you as a tenant are protected and the bank will need to honor your lease or basically buy you out of the lease by offering you money for moving out.

  • August 05 2010
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Best way to find out is go to clark county recorders office and check to see if a Notice Of Default has been recorded, or you can contact me and I can find out for you free of charge.
  • July 28 2010
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Profile picture for rentlawcom
 No.

You can ask, but the if the landlord says yes - yes may be today, but what about next month? You going to ask every month?

Look at public records for any filings - there could also be federal tax liens, local tax liens, notice of mortgage defaults, lawsuits or maybe your owner is a registered s-x offender.

The biggest thing - just confirm who the owner of the property is and the check is being mailed to the owner or management company,

Never pay in cash.

Always get a receipt.

For more Landlord Tenant info, refer to RentLaw.com The National Landlord Tenant Guide http://www.rentlaw.com
  • July 28 2010
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This seems to be such a prevalent concern in so many areas I am seriously thinking of starting a screening service for both tenants AND landlords!

In Florida you can check the courts for default filings--since it's all public knowledge I'm sure you can do that in Nevada as well, however that will only tell you if the landlord is so far behind there's been a default filed.  The good news is, if it's "pre-NOD" (notice of default), chances are even if they are behind they could catch up with a good lease.
  • July 26 2010
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To protect yourself you could insist on sending your rent payment to a third party who would send it to the loan company.  I purchased a home 20 years ago and my payments were handled that way.  My payment went directly to the bank and whatever was left over went into the seller's account.  In this day and age you have to watch out for this situation.  It is more common that you would think.
  • July 25 2010
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Profile picture for Georgia Kapsalis
Not sure about the legalities, but in Michigan there are a lot of landlords not paying mortgages without tenants knowing.  I would try to find this out. If they are resistant to telling you or better yet, showing you, I would move on to another house.
  • July 25 2010
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Profile picture for wetdawgs
You can ask, but it isn't a legal right covered in the landlord/tenants rules of Nevada.

  • July 23 2010
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No kidding. I just had to inform a tenant that her home was foreclosed on. Luckily Fannie gave her some moving money. They offered to let her lease until she was ready. I thought that was a nice gesture.
  • July 23 2010
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Profile picture for sunnyview
I don't know if you have a "right" to ask or not, but if I were renting in an area with high foreclosures, I would ask. Too many tenants lose their deposits to landlords in foreclosure never to see them again.

You may be able to ask a local agent to check on the house status. They may be able to help or at least tell you where to go for the info. You are smart to be asking.
  • July 23 2010
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