Buyers: Get pre-approved. Seriously. And make sure that you don’t buy a car, quit your job, deposit lottery winnings or do any other financial twitchery between the time you get loan approval and the time you close escrow on your home.

With the current housing market, previous home owners are now renting more than ever.  The chances of renting a home that’s within the foreclosure process or illegally being rented by a criminal pretending to be the owner have increase greatly.  Here’s a couple of things to help identify potential issues when renting a property. Verify [...]

Senate Bill 1196 has quite a few changes geared towards benefiting condo associations and it’s responsible owners. It gives condo associations the power to collect rent from tenants/renters of homeowners who lease their units in order to satisfy any unpaid fees. Associations will be able to suspend the use of recreational facilities if association fees are more than 90 days past due.

Below are a few quotes from Gov. Christ and a few tips if you are a potential renter/tenant on how to protect yourself from inheriting the homeowners debt.