Comments on: Foreclosures Create Problems for Tenants http://www.mortgagecreditproblems.com/blog/foreclosures-create-problems-for-tenants/ Expert Advice & News on Bad Credit Mortgage, Mortgage Refinancing & Home Loans Sat, 31 Jul 2010 00:50:31 +0000 http://wordpress.org/?v=2.3.2 By: Gina Pogol http://www.mortgagecreditproblems.com/blog/foreclosures-create-problems-for-tenants/#comment-824 Gina Pogol Wed, 22 Oct 2008 21:25:07 +0000 http://www.mortgagecreditproblems.com/blog/foreclosures-create-problems-for-tenants/#comment-824 The issue is that most lenders aren't in the business of rental property administration. So foreclosure effectively takes a home off the rental market for at least some period of time and also throws a renter into the pool of those looking for homes. While it would seem more practical for the new owner to just keep the tenantson this doesn't always happen. The issue is that most lenders aren’t in the business of rental property administration. So foreclosure effectively takes a home off the rental market for at least some period of time and also throws a renter into the pool of those looking for homes. While it would seem more practical for the new owner to just keep the tenantson this doesn’t always happen.

]]> By: Rachel http://www.mortgagecreditproblems.com/blog/foreclosures-create-problems-for-tenants/#comment-823 Rachel Wed, 22 Oct 2008 21:19:39 +0000 http://www.mortgagecreditproblems.com/blog/foreclosures-create-problems-for-tenants/#comment-823 "In addition, the explosion of foreclosed properties being rehabbed for sale has left a dearth of homes available for rent. So rents are higher and harder to get, adding insult to injury." I would think that if there are more rentals, there would be more competition forcing the landlords to lower their prices. Any insight on this? “In addition, the explosion of foreclosed properties being rehabbed for sale has left a dearth of homes available for rent. So rents are higher and harder to get, adding insult to injury.”

I would think that if there are more rentals, there would be more competition forcing the landlords to lower their prices. Any insight on this?

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