Banks Fail to Sell Distressed Homes, Get landlord Job Instead



Banks can rent out foreclosed homes as part of an orderly strategy to unload properties, provided the properties are safe and rented under local rules and regulations as well as federal fair housing law. Good luck with that.
Renters? Cover your assets.

Government Plans To Rent Out Foreclosed Homes



The government is investigating new plans to try and limit the number of foreclosures going onto the market in an effort to prevent unsold foreclosed homes damaging values even more – by simply renting them all out instead. The Wall Street Journal reported that the Obama administration is currently examining the viability of pulling foreclosed […]

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