This is an interesting article from CNN Money. Sad but true that so many homeowners have had to resort to renting due to foreclosures.
I have always worked in real estate in the Midwest and when I started over 20 years ago this area had one of the lowest foreclosure rates in the nation. It was rare to see someone lose their home. Now it is all to common. I am starting to see a positive trend once again but it has been slow to happen. Maybe with investors purchasing these homes and getting them rented it will help push that trend.
The empty homes have had an impact on home values in so many areas. Having the homes rented and maintained would be a boost to those neighborhoods.
Read the article here:
Cashing in on rental property
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