Official Carleton H. Sheets^® Website

In an effort to deal with the growing number of foreclosures on the market, yet another program has been proposed. The Right to Rent Plan would actually allow distressed homeowners to stay in their homes after the foreclosure sale ... by paying a fair-market monthly rent to the "landlord" (the lender who foreclosed on the former homeowner). (Don't get this program confused with an earlier one

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Overwhelmed with the sheer volume of foreclosures and mortgage modifications, a number of lending institutions are unloading their portfolios of toxic mortgages and the notes are starting to trickle to investors.

Notes can be a good way to secure long-term wealth, since you are the "bank", collecting the monthly mortgage payments plus interest. Prices for purchasing these mortgage notes,

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Have you heard the news? Qualified tenants who live in Fannie Mae-owned foreclosures are now being offered alternatives to eviction ... a month-to-month rental option or financial assistance to relocate. This new policy from Fannie Mae should help alleviate a bad situation involving foreclosures where tenants are being evicted---usually without notice!

We've all heard some of the heartbreaking

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As a result of the public outcry from local residents and sheriff departments, and from tenants, Fannie Mae and Freddie Mac have not only postponed tenant evictions from their landlords' foreclosure properties through the holidays---they are working on a proposal to allow qualified tenants to remain in these properties. Another option mentioned in the article I was reading in USA TODAY would be

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I was having an interesting discussion about the real estate market with a friend of mine yesterday when he asked me, "Carleton, who's making money in this market?"

"Well," I replied, "investors. The ones who own rental property--landlords."

As I thought about our conversation later that evening, I realized it's the investors who make the money because they know their markets and are able to

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