Living After Foreclosure

Maybe yours is too.

Over the past few years I’ve seen people occasionally posting a place for rent or sale.  Usually not too often.  For the past couple of weeks, I’m greeted each day with four advertisements for property.  Three of them are looking for renters.

It might be just that lots of people have vacancies now, or it could be that the owners are in a pinch, have moved, and need to stop the bleeding because they can’t sell.  One way to stop the bleeding is to rent the house out.

I think there will be more need for rentals as people lose their homes to foreclosure.  They’ll need to live somewhere.  But renters can move.  They can find good deals.  They don’t have to settle for above-market rent just because the owner needs to charge them that to stay afloat themselves.

Workplace MLS is a cheap way to sell real estate.  Maybe it’s all people can afford to do?

• HUD tips for avoiding foreclosure: Part 2 The US Department of Housing and Urban Development has some good advice for people that are in danger of losing their home through foreclosure. I talked a little about the first three HUD tips here.  Here are some more tips from that list, with some discussion. Know your mortgage rights.......
• HUD tips for avoiding foreclosure: Part 3 The US Department of Housing and Urban Development has some good advice for people that are in danger of losing their home through foreclosure. Here are the last three tips from that list, with some discussion. Use your assets. "Do you have assets-a second car, jewelry, a whole life insurance......
• Strategic default? Banks are on to you Few states have been hit harder by the foreclosure mess than Florida.  Properties in some areas are worth half of what they were at their peak.  A sizable number of underwater borrowers -- those owing more than their homes are currently worth -- have simply stopped making payments on their......
• Recognizing the signs of a family facing foreclosure Free Money Finance recently had an acquaintance of his go into foreclosure, and the signs of trouble were clear in retrospect. People don't advertise that they're facing foreclosure, at least not outwardly.  Even if money is getting really tight, people can compartmentalize the worry when they're interacting with others.  One......

• Macau’s Property Market Today The current financial instability in the Worlds’ economy is certainly going to affect Macau property prices. The question is; How ? Opinions vary of course, that is the nature of ‘forecasting’. One of the world’s most respected financial institutions, the International Monetary Fund or IMF, predicts recession in USA and......
• Buying and Selling Collectible Antiques If you have ever watched a television show like Antiques Road show, where people find out that their family heirlooms or garage sale finds are really worth a fortune, then you probably have a secret hope that you may have some valuable collectible antiques in your possession as well. It......
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• File This Foreclosure Story under "Duh" It's becoming increasingly difficult to keep up with all of the "pity the broke people" stories being published in recent weeks.  Almost as soon as I finished yesterday's commentary on a deceptive sob story headline from the New York Times, I read yet another goofy piece published by CNNMoney.  This article reminds us that......