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?

• Steps to take if you’re facing foreclosure, Part 2 Liz Pulliam Weston wrote recently on steps to take if you’re facing foreclosure.  There are smart ways to go about it, and not-so-smart ways.  Here are three more of her suggestions with some of my comments: Be realistic.  A house is just a house.  It may have a lot of......
• 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.......
• Will your lender work with you? This article from the Chicago Tribune made a point about lenders that's an unfortunate reality: The more equity you have in your home, the less eager your lender may be to work with you. It's an ironic fallout of the foreclosure crisis that those who have been the most diligent......
• The first post on the site Welcome to the first post on Living After Foreclosure! Here are some of the things I plan to talk about on this site: The foreclosure process -- how one gets to that point, what's involved, how it can be avoided The social effects of foreclosure How widespread foreclosure affects society......

• 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......
• Top 10+ ways to save money and help the environment Its back! Due to overwhelming demand as well as a list "competition" over at Problogger.com , I wanted to repost this list and see if anyone had anything more to add to it. Here we go! We all read about ways that an individual can help the environment such as......
• 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......
• Will VoIP be a Mass Market Product? A common thinking among "Marketing people " is that for every product that enters the market there must be a path, a target, a need ( real or created) that decides how the product must enter the consumer's life, which part of the population is more likely to go......