Rental demand on the rise

I love being right!
I have been preaching this for years. I  watched it happen in the last down cycle and here it comes again. In light of the recent recession and unprecedented number of foreclosures, rentals are in high demand. I think we all know what happens to prices once something is in demand...prices rise. It only makes sense...people have to live somewhere. If they can't buy, they rent.

Here in Park City, rentals are tough to find and not cheap. Especially if you are looking mid-ski season. Good Luck!
Check out this article from Inman News about just that - rental demand on the rise.

Inman News Rentals on the Rise

Are you ready to be a landord in Park City? Make some money on your investment and wait for the equity? Contact me at 435-731-0803 or heather@parkcityhousehunters.com

Mortgage Mess - Who owns your mortgage?

60 Minutes is reporting on the latest mess in the Mortgage industry.
Click on the link below to see the reports regarding the paperwork mess the banks have created by losing documents to show who actually owns your mortgage. Many mortgages were sold in bundles on Wall street back in the day and  - imagine this - the paperwork transferring these mortgages has disappeared. Some banks chose to forge the documents.

How does this effect you? When you go to sell your home, you may have a difficult time if your loan was sold and there is no paper trail. Watch and learn.
http://www.cbsnews.com/stories/2011/04/01/60minutes/main20049646.shtml