HR 5028, homeowners remain as renters

Jeff Tung — Fri, 24 Sep 2010 22:19:59 +0000

Where do you go after your home is foreclosed upon by the bank? Your credit is a mess and you may not make as much money as before, so where do you go?

The Center for Economic and Policy Research has a report, “The Gains from Right to Rent in 2010″, and has suggested to allow homeowners the right to rent their home, after foreclosure. By doing so, it may address the nation’s foreclosure problem.

HR 5028, under Right to Rent legislation, would allow the foreclosed homeowner to stay in the home as a renter for a substantial period of time. This would help the homeowners from being homeless and it will help the communities that are experiencing high numbers of foreclosures.

The Role of Government and The Foreclosure Crisis (tpmcafe.talkingpointsmemo.com)
Real Estate Weekly: To stem foreclosures, let homeowners rent(marketwatch.com)
Live Chat: Rep. Raúl Grijalva Discusses The Right-To-Rent Bill With Blue America (crooksandliars.com)
Renters Rights in the Extreme(rentersinsurance.org)
Foreclosure! A Renter’s Worst Nightmare?(rentersinsurance.org)

Things to consider when buying a home

Jeff Tung — Mon, 28 Jun 2010 21:21:57 +0000

You’re renting now and your lease is about to expire, do you want to stay for another year or do you think you might want to take advantage of the best buying opportunity since 1968? Well before you make a decision to purchase, there are a few things to consider before you start shopping. Once you understand what’s involved, you will feel better about making a decision to pursue the “Great American Dream of Home-ownership”.

Why Homes Are Now The Cheapest Since 1968(businessinsider.com)
Top 10 Cities to Buy vs Rent (mint.com)
Should I Rent or Buy? (rentersinsurance.org)

Jeffrey Tung's Real Estate Blog » Renting

HR 5028, homeowners remain as renters

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Things to consider when buying a home

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