Posted on: 27th Sep, 2010 08:54 am
We want to move into an apartment but dont know if it is a good idea to leave while home is either in short sale or foreclosed. We want to rent apartment before credit is ruined. Is it a bad idea to move , and do we still pay property insurance and homeowners insurance on our house? We have to leave home because within the next few months our total monthly income will be a half of what is is now. My husband has increased problems with his arthritis, and will retire soon. We found a perfect apartment with the best view of lake and pool. Rare find as we have looked around for the last month at many apartments.
Hi sandyfahey!
Welcome to forums!
It is not a bad idea to move into a rented property when your property is in foreclosure or short sale. However, unless your property is sold off at an auction, you'll be liable for paying the property insurance and homeowners insurance on your house.
Feel free to ask if you've further queries.
Sussane
Welcome to forums!
It is not a bad idea to move into a rented property when your property is in foreclosure or short sale. However, unless your property is sold off at an auction, you'll be liable for paying the property insurance and homeowners insurance on your house.
Feel free to ask if you've further queries.
Sussane