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A large number of homeowners, paying two mortgages because they can’t sell their previous home, are finding out that being a landlord isn’t as easy as it sounds.  With housing prices in decline, many homeowners are deciding to rent out their old house rather than take a loss discounting their house to a price low enough to sell it.  According to RISMedia, “People don’t want to be landlords, but they really have no choice, said Dennis Dickstein, a Realtor at Real Estate One in Farmington Hills, Mich., who estimates that 20% of his deals are leases.”  Continue reading →