Released on: September 12, 2008, 3:24 am

Press Release Author: Jom Lynch

Industry: Real Estate

Press Release Summary: Rosemond hopes that a rent to own property program will be
erected to help the average American who got swindled into the mortgage meltdown and
suffered minor credit damage as a result.

Press Release Body: Westminster, CO – September 12, 2008 “We want folks to be able
to hold on to the American dream,” says Daniel Rosemond, director of community
development at Miami Gardens. “But at the same time, in a low-wage region like South
Florida, we have to be realistic about people who, frankly, aren’t ready to be
homeowners yet.”
Rosemond hopes that a rent to own property program will be erected to help the
average American who got swindled into the mortgage meltdown and suffered minor
credit damage as a result. He feels rent to own property programs meet the needs of
many people who are stuck in the middle with foreclosed homes, little employment
history, small savings or no credit history.
The South Florida real estate market had been hit pretty hard. In addition to the
foreclosures happening around the country, a wave of hurricanes in 2005 and a number
of loan sharks offering adjustable rate mortgages sprang up. Now repossessed homes
are becoming crime dens, left to sit idly by the city while officials wait for the
government to step in and provide some relief.
Rosemond understands that homeowners don’t like living next to renters, although a
rent to own property is a step above offering houses for rent because it encourages
eventual ownership and generally attracts a more responsible crowd. “We need people
to rent longer before they buy houses,” he explains, “but we also need to motivate
renters to feel like they have a stake in those properties. This would motivate them
and create the kind of homeownership you want for a community, not the houses built
on sand.”
If you want to know more about making a conscious, focused decision about your dream
home, you can visit www.househitz.com or
mail them at questions@househitz.com


Web Site: http://www.househitz.com

Contact Details: HouseHitz, Inc.
Westminster, CO 80031
http://www.househitz.com
questions@househitz.com