Is there a legal way (without him knowing) to find out if our landlord is paying the mortgage on the property?
With all the problems popping up with the economy, and a few horror stories we’ve heard about banks foreclosing on property and the tenants not knowing and not having time to prepare for such actions, we’ve become suspicious of our landlord paying on the rental property where we live.
We know he’s gone through a divorce and we’re wondering if that’s affecting his ability to pay on the properties he owns. We’d ask him in person … but that would be rather awkward.
Tagged with: banks • divorce • economy • having time • horror stories • landlord • rental property
Filed under: How to become a Landlord
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No, his personal business is not public. Do you think YOUR bills should be open to pubic scrutiny?
If the file bank files for foreclosure you will receive a notice in the mail.
My tenants have asked me, it is no big deal, I doubt he will be offended.
There is no way for you to find out such information, since it is confidential between borrower and lender. The only way you will discover a pending foreclosure is when the lender files the first notice of default. At that time, you will probably be notified by the lender as well.
That is private personal information. There is no legal way for you to get it. It’s also none of your business.