Saturday, October 25, 2008

Two Active Duty Marines Lose Rented Home While Overseas As Landlord Succumbs To Foreclosure

In Imperial Beach, California, KGTV Channel 10 reports:
  • A South Bay home is where two servicemen used to live. While they were overseas, they kept paying rent to a homeowner whose property was under foreclosure. [...] The property owner said she accepted the [Marines' rent] payments because she believed the bank would negotiate a new loan. However, Realtor Marilyn Swartz said the tenants were never notified. "Unfortunately, these young men were not made aware of that because the previous owner did not contact them," said Swartz. [...] The two Marines are still on active duty in Iraq and Afghanistan.

For the story, see Are Some Renters Paying Rent On Foreclosed Homes? BetaTenantRentSkimming