Senior officials with President Obama's administration are looking at the possibility of renting out homes in foreclosure.
According to published reports, taking foreclosures off the market and renting them is seen by some as one way to stabilize the housing market.
This issue comes up for consideration at a time when monthly rental rates are soaring.
They find home prices falling which they attribute to high foreclosure levels.
Tupelo Realtor Brenda Estes says there are more than one hundred homes in foreclosure in a six county area of North Mississippi.
She says renting them out is not the solution.
"I do the Fannie Mae foreclosures or some of them in the area and they tried that right after Hurricane Katrina. They started letting people rent some of the foreclosures and nine times out
of ten, it never worked," Estes said.
Estes says most did not pay rent and there was little, if any enforcement from the federal government to make them.
She says it's almost impossible to evict them and showing the property while they live in the homes usually is not possible.
