Home foreclosures are common in tough economic times, especially in states like California where real estate prices have plummeted from all-time highs. But home owners aren’t the only ones who face problems. Those who rent houses also need to take care to avoid problems, even though people who lease homes generally don’t expect to get caught in the middle of ownership controversies. These days due diligence by home renters appears to be the proper and safe course before proceeding. Due diligence should include taking steps to ensure that the party leasing the home is indeed the owner. This means, among other things, investigating the status of the home to determine whether or not it is in foreclosure. If so, special care should be taken.
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