The House I'm Renting May Be Foreclosed

[Floppin]

She wanted to see in your house to see if it was a good house to come and rob. This does actually happen a lot. There was a group of people that sold steaks door to door that were using their sales to case houses in my area, for instance.

[Woodcookedbbq]

She wanted to see in your house to see if it was a good house to come and rob. This does actually happen a lot. There was a group of people that sold steaks door to door that were using their sales to case houses in my area, for instance.

Well if that's the case, she didn't see anything worthwhile.

[Skew]

This has happened to me before. Porn film location scout.

[dimbee]

Why would her bank be confidential? That seems odd to me.

this. Thats strange.

Ain't yo house. Ain't yo bizznizzz.

:lol:

But, seriously, it really is that simple. If you don't own the home, they are not obligated to name the bank and I would not put it past the bank to require that they not divulge who they work for lest they're speaking with the homeowner/mortgage-payer.

[dimbee]

Not sure how it all works but NC laws are generally on the side of the renter.

I have several friends/colleagues who have taken advantage of the depressed housing values, have bought up homes and rent them out. You'd be surprised, my friend, how little is on the renter's side when it comes to not paying the rent.

[pstall]

this place IS being foreclosed on. they are doing what's called BPO. Broker Price Opinon. The investor(fannie) is simply doing an eyeball test of the place to see what kind of shape it's in and see if anyone lives there.

good chance your landlord has been pocketing your money and trying to get behind so he can qualify for some type of loan mod program.

[dimbee]

this have something to do with it? http://finance.yahoo.com/news/fannie-freddie-legal-fees-110-110700141.html

No.... But I'm guessing you know it has nothing to do with it as well and just wanted to bring that article to light.

[dimbee]

this place IS being foreclosed on. they are doing what's called BPO. Broker Price Opinon. The investor(fannie) is simply doing an eyeball test of the place to see what kind of shape it's in and see if anyone lives there.

good chance your landlord has been pocketing your money and trying to get behind so he can qualify for some type of loan mod program.

Dang! How'd you determine all of that?!

BTW, the owner is going to have a graaaaaaaaand time doing a loan mod on a investment property! :lol:

[dimbee]

this place IS being foreclosed on. they are doing what's called BPO. Broker Price Opinon. The investor(fannie) is simply doing an eyeball test of the place to see what kind of shape it's in and see if anyone lives there.

Just to play devil's advocate, it could be something as simple as the landlord not carrying homeowner's insurance on the property and the bank requiring a drive-by assessment on the home to determine necessary coverage.

:)

[pstall]

there are what is called non hamp or all mod modifications that these idiots end up doing for investment property. but its not easy.

the Underwriters will go over the landlords life with a microscope.

[pstall]

Just to play devil's advocate, it could be something as simple as the landlord not carrying homeowner's insurance on the property and the bank requiring a drive-by assessment on the home to determine necessary coverage.

:)

possibly, but they would be more direct and the mortgage provider would also have a say about that.

im telling you its BPO. :D

[dimbee]

there are what is called non hamp or all mod modifications that these idiots end up doing for investment property. but its not easy.

the Underwriters will go over the landlords life with a microscope.

I know that- I'm asking how you know the house IS being foreclosed on. :)

[dimbee]

possibly, but they would be more direct and the mortgage provider would also have a say about that.

im telling you its BPO. :D

Unless you were the person doing the BPO (as you say), you're assuming an awful lot, not the least of which being that the person would be "direct" with someone who isn't the homeowner. :D

[pstall]

I know that- I'm asking how you know the house IS being foreclosed on. :)

oh, just fits the profile.