Comments on: Renters Driven From Foreclosed Homes; While Cars Sales Skid

By: Araba Resimleri

Araba Resimleri — Sat, 09 Aug 2008 13:31:20 +0000

‘This is one of the many reasons our rent to own business has seen an increase in homeowners ‘

That’s definitly true:)

By: Chris Lengquist

Chris Lengquist — Sun, 25 Nov 2007 22:50:11 +0000

I tried to help a lease-option buyer who got caught in this storm. Ultimately, Freddie Mac would not cooperate with a “tenant” in place. Long story short, she had to move (again), Freddie Mac (and the American tax payer) ended up with another asset owned and the crooked “seller” keeps her down payment and rent and walks off without paying any on the loan.

By: Rent to Own Houses

Rent to Own Houses — Sun, 25 Nov 2007 12:53:21 +0000

This is one of the many reasons our rent to own business has seen an increase in homeowners (most facing foreclosure) investigating lease options and searching for rent to own houses. While some are turning towards mortgage refinancing as a way to avoid foreclosure, those that are unable to obtain a new mortgage consider rent to own houses as a means to stay in a house rather than move to an apartment.

By: Foreclosures

Foreclosures — Thu, 22 Nov 2007 18:43:07 +0000

i think the press is looking at the national average, the numbers as a whole….

sure, there may be some pockets of the country not hit as hard. I used to live in austin, it’s not a very big city…….

as for the people being hit by this, i doubt it’s hard for them not to pay attention the the doom and gloom, especially if facing losing their homes.

By: djahna

djahna — Thu, 22 Nov 2007 15:13:08 +0000

Now that’s a really bad news. It’s freaking me out already..

By: Sam Chapman

Sam Chapman — Thu, 22 Nov 2007 13:47:07 +0000

The news is bad all over if you pay attention to the press. What they don’t tell you is good news about certain healthy markets. In the Austin area, the foreclosure rate is down 8% for the year. Sure, we’ve been hit by the lending melt-down, but we’re basically very healthy. If you’re looking at news, try not to pay too much attention to the doom and gloom of the “national” market.

By: Debt Free

Debt Free — Wed, 21 Nov 2007 23:16:16 +0000

This can literally happen to anybody. Think about it….who in this country besides movie stars, rock stars, and basketball stars, really own their homes?

Almost all homes in this country are owned by banks. Anybody down on their luck can default on their home loans.

Sad but true