RISMEDIA, April 2, 2009-RealtyTrac, one of the leading online marketplaces for foreclosure properties, announced a new service called RealtyTrac Renter Alerts(TM) that gives tenants advanced notice when the property they are renting enters into default or is about to be foreclosed by a lender.
“Unexpected evictions are becoming an all-too-familiar scenario for good tenants who pay their rent on time,” said Rick Sharga, senior vice president of RealtyTrac. “Some landlords aren’t paying their mortgages – even while their tenants are paying their rent faithfully – causing the tenants to be evicted without warning. Our new Renter Alerts give tenants a good early warning system to help avoid this unpleasant and unfair scenario.”
For more information, visit http://www.realtytrac.com/.