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Old 07-17-2011, 01:24 PM
 
10 posts, read 21,958 times
Reputation: 26

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I'm looking into renting a townhouse in Ashburn (before the school year begins in Sept) and just wondering if anyone knows how to research a rental property, whether it might be in foreclosure. If I go through a real estate agent, is there much risk that a property is getting foreclosed/and the tenant could be evicted before the 1-yr lease is up? I like Ashburn Village in particular. The TH's look too good to be true for the prices...
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Old 07-17-2011, 03:28 PM
 
Location: Ashburn, VA
989 posts, read 2,858,244 times
Reputation: 655
Not sure about the foreclosures but you could always check the Loudoun County assessment database to see if the property taxes are current. Also the assessment database will tell you who the current owner is and how long they have owned the property.
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Old 07-17-2011, 07:48 PM
 
Location: Northern Virginia
274 posts, read 709,846 times
Reputation: 99
Your agent will not be able to tell you whether it may go into foreclosure. However, he/she would be able to find whether it had been rented (or listed for short sale) prior in MLS, if the landlord prefers month-to-month or "short-term ok", etc. In fact, if that's your concern, avoid Craigslist, where the rules tend to be looser.

Quote:
Originally Posted by sandhill View Post
I'm looking into renting a townhouse in Ashburn (before the school year begins in Sept) and just wondering if anyone knows how to research a rental property, whether it might be in foreclosure. If I go through a real estate agent, is there much risk that a property is getting foreclosed/and the tenant could be evicted before the 1-yr lease is up? I like Ashburn Village in particular. The TH's look too good to be true for the prices...
Reply With Quote Quick reply to this message
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