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Unfortunately, Indianapolis Storage companies are periodically forced to auction off the contents of their units. This occurs when people do not pay the rent as agreed and violate their rental contracts. The actual "foreclosure" process is a long, detailed process governed by the laws of the state that the storage company is operating in and can often take months. Generally the first step in the foreclosure process that occurs immediately once the rent is past due is called an "overlock". This involves the storage company placing one of their locks on the storage unit. The tenant will not have a key to this lock and it will effectively prevent them from removing any of their possessions from the unit. A notice will also be placed on the unit informing the tenant that this step has occurred and that rent must be paid immediately. Breaking the lock and entering the unit is considered a crime and is punishable by law. Overlock happens Most of the times that an overlock” happens the tenant will pay the bill and things return to normal. However, it also happens that people do not return and realize that this has occurred. Sometimes the bill remains unpaid and the tenant does not contact the storage company to make any arrangements. When this happens, the process continues and will ultimately end in an auction. The company will send certified letters to the tenant’s address that was provided at the time of rental and make every effort to contact them and alert the tenant to the fact that rent has not been paid. Many people are not in the habit of going to their storage units on a regular basis and things happen in life. Perhaps a financial manager was fired and their replacement was not aware of this financial obligation. This happens. In addition to attempting to contact the tenant through all the information supplied when the rental form was filled out the Indianapolis storage company will place ads in the local newspapers stating that the contents of a particular unit will be auctioned off at a certain date and time. This is done to make every last effort to allow the tenant to come and reclaim their goods. Perhaps the tenant has moved. If they have moved and did not get the certified letter, the newspaper ad will possibly reach them or someone they know will let them know about the impending auction. If this does occur, they can stop the auction by paying off the bill. This again will result in them being able to remove their stuff or begin to pay the bill regularly again. This frequently occurs. If all of these means of getting the bill paid fail, the contents of the storage locker will be auctioned off to the highest bidder. Today there are several number of storage facilities are available and one should choose the right one.
Author Bio Jeson Clarke is conveying information about Indianapolis storage and http://www.indianapolisinstorage.com/contact/. You’re probably thinking, everyone says that, so, what’s different here. It’s the commitment of quality, genuineness, and a guarantee that values your time and interest.
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