Foreclosed homeowners face rejection of rentals

For thousands of devastated families who have lost their homes due to the inability to make payment the real life struggle hits home. People are being turned away from apartments, rental properties, and so forth because land lords and apartment leasing managers are scared to death of the foreclosure on the credit report.

If seeing your home sold on the steps of the court wasn’t enough, now they cannot even find shelter. This story saddens me deeply because i remember a time when the simple things in life such as food and shelter were so far out of reach.

My wife and I had to look all around at people in every walk of life. There were those of them who had money, nice cars and homes; then there were those of us who had not. We slept out under the stars, parked in cars and hoping that the police wouldn’t come to chase out of a safe spot for the night. The epidemic is far greater than anyone expected and we are at the cream of the harvesting season. With more than two years left for adjusting and forecasting on home loans there are sure to be harder times to follow.

Feel the pain and then get excited because when you are against the ropes you have only two moves to make. Either you get knocked out or you knock the opponent out.

See more of the struggles foreclosed homeowners are faced with here

http://seattlepi.nwsource.com/money/358820_real12.html

• A Tribute To Man's Best Friend - My Dog Bear A sad and heart felt post. I am not a big lover of bad news especially when it hit's home. My wife was out of town and I received a call I had been dreading for a while. Our beloved companion Bear had to go and meet his maker.......
• When it comes to debt settlement what's the best method Have you considered using a debt settlement company for your over leveraged credit lines? What's the best method, service provider and option for you as a consumer? These are questions that many people should be asking before they answer an ad for a company who “specializes in debt consolidation.” Many......
• What's the cost of financial failure What's the cost of financial failure? I had never given this a thought until I had experienced financial hardship in my own life. People never give reason or rhyme to why they have served themselves a bad deal. When financial crisis occurs you wouldn't even begin to imagine the costs......
• Buyer Beware Here Are 10 Things Home Builders Won't Tell You I ran across this article this morning and it really caught my eye. Some of these clauses I have seen exist in standard purchase agreements today. As for as the rest of the story I have personally run across houses with similar problems. The downside of all of this......
• Discounted Legal Services scam or shelter for your affairs When you need advice you need it fast, phone book ads state free consultations with an attorney near you. You make the call, set the appointment only to find out you have 10 minutes and 3 questions. You spent hours building your list of questions, preparing to take thorough notes......

• Advantages of Creating A Home Business What are a couple of advantages of a home business opportunity? This article will tell you six advantages that you should know when you are considering the home business opportunities. 1. The first advantage of a home business opportunity is you will get to create your own business. You will......
• linklings, an end to freedom on the horizon edition "Freedom is something that dies unless it's used” -Hunter S. Thompson You always have to wonder about the way the world works when it has one of those random burps of synchronicity. My problogging days are numbered now. A Fortune-single-digits company hurled out a six month consulting contract; a......
• A New Toyota Corolla For Only $9 A Day! But if you do the math, that's still $270 a month - for a Toyota Corolla. Now how good does that deal sound? A local Toyota dealer is blasting this ad all over the airways here (radio & TV) in an effort to trick buyers into thinking how affordable a......
• Sarasota Homeowners Fight Against 10 Common, Dangerous Foreclosure Myths! Sarasota homes for sale demand homeowners facing foreclosure avoid 10 dangerous "beliefs" about foreclosure. Some homeowners mistakenly believe they MUST save their homes. [/caption] Most homeowners with a mortgage are "underwater." That is, they owe more than their homes are worth. In most cases, the deficiency is more than $50,000,......
• Home Security Systems Can Be Monitored Remotely It is probably no surprise to learn that each year there is an increase in the number of security surveillance systems that people are installing to monitor and protect their homes. This is in part due to the fact that people are spending less and less time at home but......

Tagged with: foreclosure • land banking • rejection • rental • risks • Ryan Wegman

Filed under: Uncategorized

Like this post? Subscribe to my RSS feed and get loads more!

Possibly related posts