Ed Nock has a lot of time to think about what went wrong with his short stint as a home owner now that he’s living out of a van.
He said he moved to South Carolina from New York last year and was out of his home shortly after.
He said there are others like him and he doesn’t want to see any more people fall victim to a bad mortgage deal.
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Mortgage rates dropped to a new all-time low in the U.S. this week as a resurgence in COVID-19 infections caused investors to pile into the bond markets.
As the current U.S. unemployment rate hovers above Great Depression-Era levels, many property owners are having rent delinquency, leasing and management issues. So, what can an investor do during the current economic situation to protect their asset?