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July 16, 2008

I hope things don't get this bad...

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More Homeowners Taking in Boarders

BALTIMORE — When Barbara Terry fell behind on her mortgage payments earlier this year, she did the previously unthinkable. Through a local housing organization, she and her daughter, Imani, 9, rented part of their single-family house to a stranger.

“I had to do something,” said Miss Terry, 46, who helps formerly homeless people move into new housing. “I said, I am not going to lose this house. Thinking about having a stranger was not a pleasant thought. I have a daughter. But the positive part was that I needed extra help, and I wanted to help someone.”

With residential mortgage foreclosures still on the rise, more homeowners nationwide are considering Miss Terry’s choice: whether to take in a boarder to keep their homes. Modest but growing numbers are turning to agencies nationwide like the St. Ambrose Housing Aid Center Homesharing Program in Baltimore, which screen boarders to find appropriate matches and relieve some of the fear of strangers.


Click here for the complete story...

Posted by Jeff Brooks on July 16, 2008 08:09 AM |

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