Instead of letting the renters do that, or even working a deal with non leasing home owners who are behind, for months leading up to the crash almost one in every five radio commercials I heard in DeKalb IL were about people getting awesome deals on repossessed homes, with super low monthly rates.
But if those low rates were offered to the old occupants, I bet they would not have had to move out...
Even from a greed standpoint, that kind of crap didn't seem to make sense to me. Wouldn't it have been cheaper to cut the original owners the deal, instead of repossessing and reselling at the lower monthly rates? And paying for advertising about the low rates? /boggle