Foreclosure crisis makes 14-year-old girl a landlord

From the South Florida website: A 14-year-old Florida girl is earning $700 per month renting out the Port Charlotte home she bought for $12,000 last year, NPR reported.

After the housing collapse, Willow Tufano’s real estate agent mother began working with foreclosures. She found that investors purchased homes and had no need for the existing furniture, so she asked if she could sell it on Craigslist. After months of earning an average of $500 in profit, Tufano had saved up $6,000. [more]