The banking crisis has made a mess for many many many people. Banks gave loans to people who really weren’t qualified. Once the owner couldn’t pay they contacted the real estate agent that sold them the house. That agent did their very best to sell the house but houses weren’t selling unless they were in foreclosure or maybe if they got lucky they did a short sale.

Sometimes the owner would contact a property management company to lease the house which would at least give them some breathing room. That didn’t always last either. Then foreclosure took place.

If there was a tenant in the house, many times they were bullied by the bank. The bank demanding they leave even though the tenant has the RIGHT to stay. The bank would tell them they had to leave even though they had a valid lease. The only way the bank could make them move was if the person buying was going to live in the house. Then the bank must give a 90 day notice.

Here are the ones that have been hurt.

1.the owner of the property

1. realtor listing the house
2. property manager who managed it
3. tenant who lived in the house

Banks need to get their act together. Work with the owners and give them a better loan. Work with the realtor and sell the property easily

Work with the property manager and allow them to continue managing the property

Work with the tenant and not be such a bully