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bficker
March 24, 2012 at 7:17 pm
Does this allow the owners a chance to buy it back after the 36 months?
Sheila Rasak
March 27, 2012 at 5:55 pm
I had someone in my office this morning talking about this news. A very slippery slope when you’re dealing with the ability to rent out the house at a lower value to a delinquent homeowner. Obviously this is the last place, other than taxes, where the average homeowner defaults when the bills start piling up from a legitimate hardship. Factor in the additional costs of carrying the owner such as HOA, Mello Roos, property taxes, and maintenance and I think you’ve got another Band Aid on a gaping wound.
Wade Lester
May 10, 2012 at 6:32 pm
Should have been implemented years ago do it now to stop the bleeding
Market Trends by Aldo
May 10, 2012 at 6:33 pm
Nothing creative about it. It’s a no brainer as long as those rental rates are in line with the market monthly rental rates it will work. But I guess it depends on how big long term loss is on the investor’s end.