Monterey, CA (PRWEB) October 03, 2012
It’s a heartbreaking sign of the times — the American dream shattered as homeowners across the country face foreclosures at an alarming rate. With little assistance available from banks or the U.S. government, a new one-stop website has emerged to help those facing foreclosure as well as renters facing a tighter rental market due to higher demand. SOTTHOUSING.com (Sign Of The Times Housing) is the only website nationally that offers pre-foreclosure property owners an opportunity to create critical rental income before losing their property altogether to foreclosure. The site matches property owners with renters seeking unique short-term, low-rent opportunities in the pre-foreclosure rental market.
The ongoing foreclosure crisis has opened up a huge cache of available rentals that fall within a pre-foreclosure timeline. The process leading up to an auction/bank takeover of a property can take up to 12 months, and in some cases even longer. It is perfectly legal for a property owner to rent out or even attempt to sell their property until the day of takeover. Property owners ('Listers') in pre-foreclosure retain ownership of their property until the day of auction when the property is either sold to the highest bidder at auction or taken over by the bank.
Founded by a husband and wife from Monterey, California who lost their home in 2009, SOTTHOUSING.com addresses the unique pre-foreclosure rental niche in the housing market. As new renters, Charles and Monica Henderson relocated four times within a five-year time span, finding ------ short-term, low-rent housing opportunities from homeowners in pre-foreclosure. Following their journey, the Hendersons developed SOTTHOUSING.com, a one-of-a-kind, intuitive website designed to match pre-foreclosure property owners to renters.
The pre-foreclosure rental market helps both listers and renters. SOTTHOUSING.com operates in real-time by providing email/text notifications to renters when new properties within their search criteria are listed. Access to available rental properties is always free for renters and during its early launch phase, also free for property owners who are ready to list their homes for rent.
SOTTHOUSING.com allows listers to take advantage of the unique opportunity to make rental income up to the day of auction. Considering pre-foreclosures are only available for short-term rental periods, listers rent out their property at below market value during this process making the situation desirable to renters seeking such opportunities. The listers may end up eventually losing their property, but they walk away with cash in hand and a peace of mind having taken advantage of an otherwise unfortunate situation. Renters take maximum advantage of a pre-foreclosure rental situation by agreeing to rent short-term (often month-to-month) at below market value.
SOTTHOUSING.com connects homeowners with renters who want to take advantage of the mutually beneficial opportunities existing within the pre-foreclosure rental market. The website also provides up-to-date resources and ongoing education in the pre-foreclosure market. SOTTHOUSING.com was specifically created to financially benefit the pre-foreclosure homeowner as well as the short-term renter.
For those facing pre-foreclosure who need to recoup some losses by creating quick, easy rental income, log onto SOTTHOUSING.com and discover a unique, solution-friendly website.
For more information go to http://www.SOTTHOUSING.com or email info (at) SOTTHOUSING (dot) com.