The Washington Independent

Posts Tagged rental policies

If You Can’t Rent a Foreclosed Property Back to the Owner, You May as Well Throw a Party

By | 11.24.09 | 2:16 pm

With a sprawling, multi-million dollar mansion in Sandy Springs, Ga., sitting empty for two years, some enterprising folks nearby had an idea: Fill it with a big party.

According to USA Today, the Halloween bash at the six-bedroom mansion was a huge success, drawing 1,000 people. It ended only when More…

Is a Shift in Strategy for Fighting Foreclosures Ahead?

By | 07.15.09 | 9:02 am

Is the Obama administration planning a major shift in strategy for slowing the foreclosure rate? Reuters reported Tuesday that officials are mulling policies to let delinquent owners rent their homes back. On Monday, Reuters said the administration also was considering letting unemployed borrowers defer, delay or skip mortgage More…

If We Can’t Stop Foreclosures, Maybe It’s Time to Rent

By | 02.03.09 | 9:32 am

Just as the Obama administration prepares its plan to salvage the financial system and help homeowners facing foreclosure, the debate over whether loan modifications actually work is heating up again.

This is a policy argument in which only one thing is certain: no one involved has any idea what More…