As the number of foreclosures raise, the many renters sitting on the sidelines need to take action. If you know a renter, who has not owned a home in the past 6 months or more, then now is the time to act. Correcting credit issues now and in the next 6 months will give these current rents a huge advantage in a short period of time. Urge all thiose you know to work on resolving their bad debt now. In 6 months when interest rates have dropped even more and as foreclosed homes are increased by the number. Then these happy renters will be the strongest (first time) buyers. Call your credit beurows and non profit credit correction agency now. You will be a happy home owner in 6-9 months !!
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Unsold houses are turning up as rentals. One problem arises when "as-is" For Sale Homes don't sell, then these homes may need fix up in order to rent... especially when top rental dollar is need to prevent forclosure.