[quote=paramount]Now tenants are screening ‘homeowners’? . . . [/quote]
Unfortunately, this is just a sign of the times we’re in today :={
I’ve been on sdlookup in several different zips today and noticed SO MANY SHORT SALES (or “hopeful” short sales) in the active listings. There are quite a few where it DOES look like home equity (cash-out refi’s/2nd’s/HELOCs WAS spent on SOME home improvements.
SO MANY OWNERS are trying to get out . . . because they must HAVE TO. WHO ELSE would sell in this market??
It’s shocking to me how much some people paid for these properties during the “bubble,” esp. the ones with 20+ yrs STILL left of high MR!
