Is HometoGo a Way to Dodge Foreclosures

Is HometoGo a Way to Dodge Foreclosures

Is HometoGo a Way to Dodge Foreclosures

It is a real possibility, HometoGo.info is a community market place for homeowner's and travelers to have a safe way to meet and greet. The thing is HometoGo.info is for a homeowner to rent out space in their home to travelers all over the world, now this isn't a new concept it dates back past the Roman days as a way for the Homeowner to make a supplemental income. Now a days it's seems to be more of a substantial income for some homeowner's like Tammy Justus of Hawaii.

Tammy told us when the country went into the recession and she lost her job with no hope of finding another one for months upon months she depleted her savings just trying to pay her mortgage and buy food. Tammy was now getting the notices from the bank and not knowing what she is going to do until she talked with a friend John about renting part of her house out to travelers, John was doing it and doing it well making more than enough to pay the bills so Tammy said why not I have nothing left to loose.

Tammy Said

It was a scary time for me not knowing what to do or how to save my home. I was a bit nervous having strangers in my house at the beginning but found that they were as nervous as I was staying in a stranger's home. This was a life saver for me and with their system of getting to know a potential traveler on their website first with the option to either accept or reject a traveler gave me a peace on mind. After the first traveler I hosted I was no longer nervous we got along fantastically right away and it's been that way with each traveler so far. Now I look forward to having them in my home not only to make extra cash but have made many friendships with people all over the world as a bonus now it's a win, win situation. Tammy is now making enough to pay her mortgage!

A tenth of all U.S. mortgages were delinquent in the first quarter, and more than half of all loans modified under federal relief programs went into default again within a year, according to the Office of the Comptroller of the Currency and the Office of Thrift Supervision. Bank seizures rose to a record 269,962 in the second quarter and more than 1 million properties are expected to be taken back by lenders this year, according to RealtyTrac Inc.

Jim Frantz CEO of HometoGo.info the new old kid on the block, Frantz has been successful in the internet business for many years and this was a project that was close to his heart. When this concept came about in early 2009 he said it will be the mainstay of our company. Frantz said that we didn't start this to save peoples homes from foreclosure that was just a very nice bonus for everyone, we actually started this because of staying at Hotels were expensive and a lot of the times very impersonal and cold your just a room number and everything is so much more money like going down to the gift shop for a $5 candy bar to eat while watching that $11 Pay per view movie and wash it down with that 16 once $4 a bottle water and oh yeah the pay for accessing the internet to check emails and the charge to park in their parking lot.

There are rental websites out there such as HomeAway that charge a homeowner an annual fee of over $300 to list their home for rent, now HomeAway is more for a whole home rental while HometoGo.info you can rent from a futon to the whole house or even a bed on a boat. HometoGo.info has a small fee structure such as a booking fee for the traveler of $5 and 10% of the booking that is charged to the homeowner which covers the credit card fees of about 3% so they end up with 7% for example: a room for $50 a night HometoGo.info receives $3.50. Jim Frantz said, that's our motto "If you don't get paid, we don't get paid" an owner can list as many times as they want for free even if they are listing their rentals at other websites why not receive more exposure to receive more bookings.

HometoGo.info is available now in all countries and have added a Tours/Activities section to the website since the travelers are saving lots of money on their stay they can enjoy experiencing the Tours and Activities available in the area they are staying. It's also free for Tour Companies to list what they have to offer travelers on the website.

As a Traveler you can expect to pay up to 80% off the standard Hotel rates by staying with a local, it's great for Business Travelers too especially if you own the business. I really liked a part of their website called Trips which is an area for travelers to list rentals wanted, say a traveler is planning a trip to London they would just list the information and homeowners will offer their places to you.

We found that Tammy Justus was right; HometoGo.info is a win, win situation for everybody, even if you're not in financial trouble as a homeowner and just want to make a few extra bucks. Check out HometoGo.info and see for yourself and possibly get out from under a foreclosure.

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