Ohhh, What will this do to the Real estate/mortgage industry as we know it. I know some things need to change, but I do not know if this is it. The govt making rentals out of their large foreclosure inventory of foreclosed homes. Instead of foreclosing on people who are underwater, why not rent back to them and then let them buy back the home after a short period of time at the same lowered price that the govt is going to offer to the new renter.
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