Rent Your Home
September 1st, 2011 by YoungRent 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. When someone is living there they help 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.