Rent Your Home!

Not to long ago banks and other lenders were letting people stay in their homes, but had to pay rent. It’s not because the banks wanted to be the nice guy, it was because they had no idea what to do with the home they just took away from the owner. Here’s what happen, Freddie Mac, who was the first to offer this, said anyone that failed to pay their mortgages could rent the home. If you ask me that’s only going to benefit Freddie Mac. That’s because if someone lives there the home won’t fall into disrepair. And all the work you put into the home, new paint on the walls, new tile flooring , and much more will no longer belong to you. You helped to increase the value, but the bank can sell the home for more than what you paid. Doesn’t seem very fair. Hopefully things will pickup soon and people can remain the owners of their homes.

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This entry was posted on Friday, February 5th, 2010 at 8:48 pm and is filed under Economy. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.