With the foreclosure rate skyrocketing like never before and the onslaughter of more foreclosure to come, it may pay to invest in Realty Trac's new product for renters. Realty Trac' new product for renters was launched today, www.renters.realtytrac.com. This site according to Realty Trac was developed to reduce "unexpected evictions of good tenants who are paying their rent on time."
If you are a renter and suspect that your landlord is not paying his/her mortgage, a subscription to Realty Trac for renters may not be a bad idea. Visit www.renters.realtytrac.com and http://www.foxbusiness.com/story/realtytracr-launches-new-renter-foreclosure-alerts/# for more details.
No word from Realty Trac what the renter can do once they are armed with this information; however, stay tuned there may be some new legislature developed because the data is being collected by Realty Trac.