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Service Protects Renters From Foreclosure

Creator Was Victim Of Renting Foreclosed Home 16 Years Ago

POSTED: 10:02 am PST December 1, 2008
UPDATED: 10:21 am PST December 1, 2008

With more than 300,000 renters being forced from their homes this year because of the foreclosure crisis, tenants have a new way to ensure the residence they call home is secure.

Rental Foreclosure helps people determine if the house they are living in is in default on its mortgage.

Created by real estate agent David Madam, people just have to enter the property's address, city, state and county into the site and it will cross-reference that information against a foreclosure list for that state.

The service is free. Madam said he came up with the idea after he was a victim of renting a foreclosed property in Las Vegas 16 years ago.

If you enter information and it returns no results, the site gives you the option of entering your e-mail address. Then, should the property go into default, the site will e-mail you with that information.

Rental Foreclosure is currently running in Florida, Arizona, Nevada, Utah and Illinois. He hopes to eventually include all U.S. states in the service.


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