Seven Questions on Foreclosure-to-Rental Conversions
The Obama administration published a “Request for Information” on Wednesday soliciting ideas to deal with rising volumes of foreclosed properties that federal entities are emptying onto the housing market in growing quantities.
As today’s Journal story notes, the administration is exploring ways to accelerate the housing recovery by moving homes out of the government’s hands and into private hands faster. But it wants to make sure that unloading foreclosures won’t simply saturate markets, dropping prices sharply.
Consequently, the idea of converting foreclosures into rental homes is gaining traction. Here are seven questions: