Summer Vacation Home Renters BEWARE!!!!

At last!  You found the perfect house, your attorney gives you his blessing  and you are about to wire the Landlord of your summer house your 50% deposit. STOP!!!

Why?  Here is why! There is a good chance that the house that you just rented is in foreclosure and you wont know it until you show up with your family, the locks are changed and  the former owner is long gone.  I am not trying to get you paranoid however this is the latest twist in the Real Estate market. Below I listed a few things for you to look and ask for before prior to inking the deal.

Always use a reputable, Licensed Real Estate Broker, (that’s a given).
Never give cash!
If the deal is too good to be true, it usually is.
Collect as much information from them as they are collecting from you. Such as name, phone, email, home address and a copy of their drivers licence, attorney information, etc.
Make sure you get a written contract
Get a  statement from the bank stating that the payments are current.

Ok, I’ll stop making you nuts now. Feel free to comment if you have any questions.