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Kathy - that's great information, thanks for posting that. I wonder how this applies to different states across the Country. Attorneys would certainly have a lot to gain in this market with all the properties going REO or foreclosed on. I don't think many renters consider getting an attorney just to find a rental, but maybe now they'll understand the value in doing so. Thanks.
Tina - I like that idea, but what's to keep the landlord from just lying? Does a renter have the right to see that the owner is using their rent to pay the mortgage? I think so, but getting that to be a law and enforceable is probably another story. I say just go find these renters in defaulted properties, get them pre-qualified, and find them a home of their own.
Anton - exactly. Do you think instead of waiting for a new law that it might be good to try and approach these individuals to see if they qualify for home ownership? I know I would appreciate if someone knocked on my door as a renter, and told me that I was about to get kicked out of my house by a bank, and not the landlord. If they could help me relocate into my "Own" home...I'd tell and refer every renter I knew to that agent.
