Are you a landlord trying to collect on past due rental fees or maybe your a landlord who had set up a tenant on a "rent to own" basis. Are your tenants having trouble paying their rent to you? 
If you have seen the news or dealt with any mortgage or rental situations you know the trouble we are in as a nation in regards to the mortgages, and consequential job losses in the housing market which further hurts our economy, and people's ability to pay their rent or mortgage or any of their bills.
In the next two years look for many more foreclosures, and defaults on mortgages, sub prime and primary. This slump has at least another year or two to run its course. This will cause even more financial strain for consumers, who may already be struggling to make a mortgage payment. They will likely spend even less in order to try and make their housing payments which will affect the
As more borrowers default on their mortgages it creates this weakness and spreading troubles in the mortgage market and puts those homes back into the already flooded market. In addition to this, most lenders and banks are being more critical on who they lend money to even turning down people with good credit, full time employment and money to put down. According to the Commerce Department the inventory of unsold new homes in June was 537,000 houses.
Be aware of this now and keep on top of any renters or "rent to own" situations that can affect you or your company.
Comment Preview