Please login to vote


Agree 1 Disagree 0

Homeowners could rent their homes after a foreclosure

By Hicbd
Thu Mar 28 2013 7:32 am

The "Right-to-Rent" concept allows homeowners to pay fair market rents (determined by an independent appraiser) after a home is foreclosed on. This could allow homeowners to stay in their homes and prevent depreciation in value of other homes in the neighborhood.

In addition, private companies (like the American Homeowner Preservation) could "find a buyer for a house facing foreclosure, convince the bank to do a short sale, and work out an agreement with the buyer to allow the former owner to stay in the house as a renter."


Poverty Community Development Home Ownership Home Foreclosures


Please login to comment

Share on Facebook

Share on Twitter

Add to Favorites