“staying current” doesn’t necessarily mean closing out all credit accounts. Keeping a few current revolving credit lines (i.e. credit cards) will actually help build credit during this period. When applying for a new loan the banks want to see consistency on keeping current with credit payments.

Apparently the office buildings became vacant sometime in 2008 due to the strained economy. Tweeter is a company that deals primarily in home electronics. Apparently their business plan was good enough to get the company up and running but stay failed to calculate the effect that large retail brand stores would have on the home electronics market. The buildings were sold to Tweet Canton LLC in 2006 for 13.7 5 million and a lease back deal.

This scenario is becoming all-too-familiar for thousands of renters nationwide. Unintended victims of foreclosures are dealing with problems first hand due to the failing economy. Banks are booting good tenants into the streets with little to no notice. Some banks are even seizing property from a delinquent owners, ignoring tenant leases.