Are more people living with their relatives?
Studies and surveys are showing that over 16% of the nation lives within a multi-generational home. Likely, most of this is caused by the glooming foreclosure issues and what happens after a homeowner forecloses.
A lot of people in distress don’t understand that if a short sale is done rather than a foreclosure, people can recover much quicker, and it makes it easier to rent right after. FHA for instance, will let you finance a home the day after a short sale assuming you are not late on any payments.
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