Home Radio Segments Real Estate Round-up Is It Illegal If Your Landlord Wants Cash?

Is It Illegal If Your Landlord Wants Cash?

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Terry Story

With Terry Story, 25-year Veteran Real Estate Agent with Coldwell Banker in Boca Raton, FL

“They’re back!” Millennials appear to be moving back in with their parents – to save enough for a new home, to payback student loans, etc. It’s actually not a bad thing to do for a couple of years. Terry also answers a listener’s question on the screening of buyers by a condominium association who can afford the house but don’t have the best credit. But, fortunately, this is a rare occurrence.

Another listener was required to pay his rent in cash so the owner could lower his taxes. While cash payments are allowed, Terry advises lessees a.k.a. tenants on what they should do to protect themselves and make sure they aren’t victims of fraud or a bad lease.

Finally, Terry fields a home owner’s question on foreclosure when he fell behind on a mortgage payment and was surprised by how little time he had before being served… not to Terry’s surprise. Find out why.