Solving Foreclosure Crisis, a Rental at a Time

Turning foreclosures into rentals: Could this be a solution to the foreclosure crisis in America? On Wednesday, the Obama administration announced it is soliciting ideas for ways to turn a half million foreclosed homes into affordable rental properties. The Home Affordable Modification Program hopes it can be the ticket to boosting falling home prices and transforming thousands of government-owned foreclosures into homes with families. Officials say they'll be listening for ideas until...Full Story
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