• E-mail
• Print
• Comment
• Font Size
• Digg
• del.icio.us
• Discuss article

RentalForeclosure.com, Along With Sponsor Cherry Creek Mortgage, Provides Assistance to Alameda and Contra Costa County Renters

Posted on: Monday, 29 June 2009, 09:15 CDT

Renters can now check online to see if their landlord is facing foreclosure.

ALAMEDA, Calif., June 29 /PRNewswire/ -- While news of home foreclosures has been in the national spotlight over the past year, relatively little attention has been given to the growing number of renters who are hit with the shock of eviction because their rental homes are in foreclosure. RentalForeclosure.com, aims to shed light on this dark worry for FREE.

For those who want to know if the house or apartment they are renting is in foreclosure, peace of mind is now just a few keystrokes away. RentalForeclosure.com provides renters with FREE information that was previously difficult to obtain - all in hopes of avoiding disrupting, costly and unnecessary evictions.

"Renters may have been paying their rent on time, but their landlords have defaulted on obligations to their lenders, who are now seizing foreclosed properties. Often in these situations, the renters have only a few days to relocate their families."

Cherry Creek Mortgage, a leading Bay Area mortgage lender, supports RentalForeclosure.com and leaders in the organization agree the service is the right thing to do. "We feel it is important to support efforts that will help protect renters from unexpected evictions," says Tom Wardrope, Vice President of Cherry Creek Mortgage.

"Renters deserve the opportunity to be kept informed so they can have time to properly and safely move themselves and their families in the event of a foreclosure. This website is a FREE and easy place for renters in many states to find out if they need to start looking for a new place to live."

RentalForeclosure.com was founded in 2007 by Dave Madam and Shawn Shepherd in the Las Vegas area. Dave and Shawn both worked together in the real estate industry and saw firsthand the devastating effects on renters when the landlords could no longer afford the mortgage. The company has made great progress in its efforts locally and has since branched out on a national level.

Cherry Creek Mortgage, an experienced mortgage banker specializing in FHA, VA and conventional loans, has been making home loans since 1986. A highly dedicated and professional team of loan officers and support personnel who thrive on making a difference in people's lives by helping them with their mortgage decisions and financial well being.

SOURCE RentalForeclosure.com

Source: PR Newswire

More News in this Category