Re: What are your thoughts - Landlord Forum thread 331691

Re: What are your thoughts by Anonymous on March 3, 2015 @10:43

RUN!

When a tenant has filed a Chapter 13 bankruptcy, the new landlord can be pulled into the case at any time without notice. Do NOT rent to a tenant currently in a Chapter 13 replayment plan. Furthermore, the reason they "needed" to consolidate debt is because they ran up more of it than they could handle, their creditors are getting less than 50 cents on the dollar for outstanding debt, and these folks can't budget. If a tenant can't live on less than they make, they're going to fail and the biggest expense each month is rent, so guess who doesn't get paid when debts mount up and tenant needs a pool of money to pull from?

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Re: What are your thoughts by Lynn (Il) on March 3, 2015 @17:01	[ Reply ]

Thank you!