Security Deposit Foreclosure Protection Program
Last year renters lost over $1 Billion dollars in security deposit that were illegally retained by Landlords when properties went into foreclosure and landlords did not return the security deposit.
In the same way that Grace Management screens applicants to find qualified residents, we also make efforts to ensure the financial stability of our property owners. However, just as we can’t guarantee a property owner that a resident will always pay rent on-time, neither can we guarantee our residents that property owners will stay current on their mortgage.
But we CAN guarantee the protection of your security deposit in instances of foreclosure.
As a Grace Management resident, we guarantee the return of your security deposit within 72 hours if your rental property is foreclosed for any reason.
*This payout will be subject to any outstanding charges due.