If there is one thing that I have noticed about the foreclosed homes in America is that there is a hell of a lot of them.  No matter where you go, you are bound to see at least six or seven foreclosed homes on the way.  I know that on my street alone, there are at least seven within a two mile radius and that is saying a lot.  Hud homes are something that I did not expect to see around my neighborhood but there they are – signs are going up everywhere.

That is where this plan should really come in handy.  Now, this plan for foreclosed homes is actually to keep the homeowners on however have them renting the house versus just buying it.  While this is a fantastic plan in my head – there are still some questions that have come up – one, if they can not afford the mortgage payments now, how are they going to afford them as a renter?

This plan is getting a lot of attention right now just due to the fact that so many mortgages are going by the waste side, however they need to make sure that they read the fine print.