Sign of the Times...

This is a truly sad tale of a land lord who is losing his property in the Phoenix Metro Area (Glendale, AZ) due to a clever renter who has managed to live in the property rent free for a year.  The description below (pulled directly from the MLS) says it all...

The MLS description reads:

Short sale opportunity - tenant hasn't paid rent in a year - eviction unsuccessful. Hired an attorney and made false claims about who owned the property and got the eviction quashed. No time or money to fight it - giving property back to bank. Perfect for investor who wishes to make an offer and kick tenant out after closing. If not sold by march 30 - giving deed in lieu of foreclosure.

My Take

If you own a property that you either have rented or are planning to rent beware!!!  There are people out there that know how to manipulate the system, and your fate could be the same as the poor soul who owns the home above.  Bare in mind, this isn't a sub-prime foreclosure where the land lord was just in over his head.  This is a guy, like you or me, who just rented to the wrong person...