The Right to Rent, Another Approach to Combat the Foreclosure Crisis (The North Carolina Banking Institute Symposium on the Foreclosure Crisis‪)‬

I. INTRODUCTION We need to think this through.... Why not let a family stay in their own home and maintain it--and provide the bank some revenue--rather than let that home sit empty and become a blight on the neighborhood and possibly a haven for criminals, drugs, and gangs? And if these servicers, some of which have taken billions of dollars in taxpayer bailouts, refuse to meet the foreclosure-reduction standards and goals they have signed up for under the Administration plan, then there need to be some penalties for non-compliance. (1)