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  • January 22, 2008 at 10:20 AM #140639
    nostradamus
    Participant

    That’s a good point. One of the many fraud games out there is a fake owner renting out a vacant home.

    January 22, 2008 at 10:21 AM #140883
    gn
    Participant

    SD Realtor,

    If lenders start renting out their REOs en masse, they would flood the rental market, lowering rents. Lower rents would then lower the “floor” determined by the “fundamentals”.

    So, in the immediate short term, it may help real estate prices. But, in the “medium term” (2 – 3 years), prices will decline by the same amount. All it does is delaying the inevitable.

    January 22, 2008 at 10:21 AM #140644
    gn
    Participant

    SD Realtor,

    If lenders start renting out their REOs en masse, they would flood the rental market, lowering rents. Lower rents would then lower the “floor” determined by the “fundamentals”.

    So, in the immediate short term, it may help real estate prices. But, in the “medium term” (2 – 3 years), prices will decline by the same amount. All it does is delaying the inevitable.

    January 22, 2008 at 10:21 AM #140910
    gn
    Participant

    SD Realtor,

    If lenders start renting out their REOs en masse, they would flood the rental market, lowering rents. Lower rents would then lower the “floor” determined by the “fundamentals”.

    So, in the immediate short term, it may help real estate prices. But, in the “medium term” (2 – 3 years), prices will decline by the same amount. All it does is delaying the inevitable.

    January 22, 2008 at 10:21 AM #140961
    gn
    Participant

    SD Realtor,

    If lenders start renting out their REOs en masse, they would flood the rental market, lowering rents. Lower rents would then lower the “floor” determined by the “fundamentals”.

    So, in the immediate short term, it may help real estate prices. But, in the “medium term” (2 – 3 years), prices will decline by the same amount. All it does is delaying the inevitable.

    January 22, 2008 at 10:21 AM #140867
    gn
    Participant

    SD Realtor,

    If lenders start renting out their REOs en masse, they would flood the rental market, lowering rents. Lower rents would then lower the “floor” determined by the “fundamentals”.

    So, in the immediate short term, it may help real estate prices. But, in the “medium term” (2 – 3 years), prices will decline by the same amount. All it does is delaying the inevitable.

    January 22, 2008 at 2:32 PM #141132
    SD Realtor
    Participant

    Sorry for the false alarm… no crow to eat yet… my client was a bit confused. The home is not leased nor is it for lease. I called the service company. It is vacant and will be put up for sale…They are still waiting for the BPO to be completed.

    SD Realtor

    January 22, 2008 at 2:32 PM #141215
    SD Realtor
    Participant

    Sorry for the false alarm… no crow to eat yet… my client was a bit confused. The home is not leased nor is it for lease. I called the service company. It is vacant and will be put up for sale…They are still waiting for the BPO to be completed.

    SD Realtor

    January 22, 2008 at 2:32 PM #141159
    SD Realtor
    Participant

    Sorry for the false alarm… no crow to eat yet… my client was a bit confused. The home is not leased nor is it for lease. I called the service company. It is vacant and will be put up for sale…They are still waiting for the BPO to be completed.

    SD Realtor

    January 22, 2008 at 2:32 PM #141117
    SD Realtor
    Participant

    Sorry for the false alarm… no crow to eat yet… my client was a bit confused. The home is not leased nor is it for lease. I called the service company. It is vacant and will be put up for sale…They are still waiting for the BPO to be completed.

    SD Realtor

    January 22, 2008 at 2:32 PM #140894
    SD Realtor
    Participant

    Sorry for the false alarm… no crow to eat yet… my client was a bit confused. The home is not leased nor is it for lease. I called the service company. It is vacant and will be put up for sale…They are still waiting for the BPO to be completed.

    SD Realtor

    January 22, 2008 at 9:38 PM #141044
    bob007
    Participant

    thanks for the clarification

    In selected neighborhoods why don’t banks rent out the homes ?

    January 22, 2008 at 9:38 PM #141268
    bob007
    Participant

    thanks for the clarification

    In selected neighborhoods why don’t banks rent out the homes ?

    January 22, 2008 at 9:38 PM #141283
    bob007
    Participant

    thanks for the clarification

    In selected neighborhoods why don’t banks rent out the homes ?

    January 22, 2008 at 9:38 PM #141309
    bob007
    Participant

    thanks for the clarification

    In selected neighborhoods why don’t banks rent out the homes ?

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