That is the idea that Lewis Ranieri spoke about at Holfstra University. Ranieri is the mastermind behind the idea of securitizing mortgages. He proclaims that
the collapse of mortgage-backed securities on a breakdown of checks and balances and scoffed at the way the government is approaching the problem now.
He believes that it will be impossible to restructure all the loans that have been written, and private lease to own homes will take over 1 million houses off the market.
So read Do Not Sell Your House, Rent it! to help determine if renting your home is the best scenario for you, and let’s get those rent to own homes posted!
Source: Can’t Sell? Rent Houses Out
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Comment by Business Entrepreneur — December 9, 2008 @ 8:36 am
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Comment by Martha Hato — January 28, 2009 @ 10:17 am