20 replies to this topic

[spielchekr]

The risk could be reassessed downward I think, considering that you would have the people who handpicked and commited to the house as being one and the same as the current tenant. That makes them desirable tenants. Offer them incentive to keep the dwelling occupied, like terms to remortgage the house at a certain % below market price, whenever they're ready to repurchase it (as long as they stay in the house and pay their rent). There are other ideas that come to mind.
But until then, I guess you can just buy U-haul:
http://stockcharts.c...7284&r=9425.png

Right idea, but there has to be a willingness to sell at deeply discounted pricing to make it work.

BUT a great, experienced management company, with deep pockets, might well be able to be set up with the banks to efficiently convert the foreclosure process into something that doesn't cost everyone so much.

That will likely take a pretty desperate banking sector to go for, however. They would be the sticking point and they're resistant to change.

Still, it's probably a great idea for the right set of parties in the right market.

Mark