Phoenix Valley - Tenants being evicted due to Landlords Not Paying Mortgage Payments!

10. November 2008 by Teri Ellis.

Today, I have a rant I want to share. I don’t know how to stop this, or even to protect the consumer, but here goes:

In just the past few weeks, in our Phoenix and Mesa, Arizona valley, I have heard of two instances where a tenant signs a lease, pays a deposit, and then moves into their home - only to find out months later, that the rent they have been paying to the landlord has not been paid to the lender; therefore, a Notice of Trustee’s Sale is delivered to the owner. 30 days before the Trustee’s Sale, a notice is posted or mailed to the present tenant notifying them they have 30 days to move. Gone is the deposit and tenant must find a new place to land within 30 days! These landlords must be guilty of some law, don’t ya think?

This is absolutely ridiculous, and I, for one, am trying to figure out a way to prevent this from happening. The tenants should be able to receive notification of payments being made to the lender.  Must I suggest there be included in the lease -a stipula

tion that the tenants are privy to the lender information and will be notified if they are in arrears? As a holder of a second, I have that right.  There must be a way to protect these tenants.

What will the crooks think of next? (I really don’t want to know).

Please tenants, protect yourself. Do your research….work with a reputable Realtor, homeowner or property management company. Beware of the unscrupulous ground huggers out there just waiting to rip you off!

How do I “really” feel about this? Greed has gotten way out of hand. No wonder our country is in such shambles financially and morally!!!

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