You also want to be sure your lease allows you to stay in the house if there’s a foreclosure. Check with a lawyer to see if this will help in your state.
If the house is worth lots of money, or it’s already paid for, chances are you’ll be fine. If he’s unwilling to talk about this, or he tells you he got into real estate after seeing how profitable it could be during a late-night infomercial, you’ll probably be a foreclosure victim!
-Dave
Dave Ramsey
Dave Ramsey is a personal money management expert, popular national radio personality and the author of three New York Times bestsellers.
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