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  • January 22, 2008 at 9:38 PM #141365
    bob007
    Participant

    thanks for the clarification

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

    January 22, 2008 at 11:34 PM #141079
    SD Realtor
    Participant

    This is only a guess…There could be many many reasons.

    1 – Recall many mortgages have been packaged, sold, resold, etc… There could be restrictions that the underlying asset needs to be owner occupied.

    2 – Becoming a landlord also means incurring liability. In some cases substantial liability.

    3 – Sometimes, being a landlord can be a pain in the ass.

    There are plenty more reasons I am sure. There may be for all I know plenty of lender owned properties that are being rented. However I honestly do not think that is the case.

    SD Realtor

    January 22, 2008 at 11:34 PM #141303
    SD Realtor
    Participant

    This is only a guess…There could be many many reasons.

    1 – Recall many mortgages have been packaged, sold, resold, etc… There could be restrictions that the underlying asset needs to be owner occupied.

    2 – Becoming a landlord also means incurring liability. In some cases substantial liability.

    3 – Sometimes, being a landlord can be a pain in the ass.

    There are plenty more reasons I am sure. There may be for all I know plenty of lender owned properties that are being rented. However I honestly do not think that is the case.

    SD Realtor

    January 22, 2008 at 11:34 PM #141317
    SD Realtor
    Participant

    This is only a guess…There could be many many reasons.

    1 – Recall many mortgages have been packaged, sold, resold, etc… There could be restrictions that the underlying asset needs to be owner occupied.

    2 – Becoming a landlord also means incurring liability. In some cases substantial liability.

    3 – Sometimes, being a landlord can be a pain in the ass.

    There are plenty more reasons I am sure. There may be for all I know plenty of lender owned properties that are being rented. However I honestly do not think that is the case.

    SD Realtor

    January 22, 2008 at 11:34 PM #141344
    SD Realtor
    Participant

    This is only a guess…There could be many many reasons.

    1 – Recall many mortgages have been packaged, sold, resold, etc… There could be restrictions that the underlying asset needs to be owner occupied.

    2 – Becoming a landlord also means incurring liability. In some cases substantial liability.

    3 – Sometimes, being a landlord can be a pain in the ass.

    There are plenty more reasons I am sure. There may be for all I know plenty of lender owned properties that are being rented. However I honestly do not think that is the case.

    SD Realtor

    January 22, 2008 at 11:34 PM #141401
    SD Realtor
    Participant

    This is only a guess…There could be many many reasons.

    1 – Recall many mortgages have been packaged, sold, resold, etc… There could be restrictions that the underlying asset needs to be owner occupied.

    2 – Becoming a landlord also means incurring liability. In some cases substantial liability.

    3 – Sometimes, being a landlord can be a pain in the ass.

    There are plenty more reasons I am sure. There may be for all I know plenty of lender owned properties that are being rented. However I honestly do not think that is the case.

    SD Realtor

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