April 24. 2012 6:00AM - Last modified: April 24. 2012 6:48AM

MADISON - Plan B for some home sellers: Be a landlord

Some home sellers may have little choice but to rent their homes instead if they aren’t able to sell in a required time frame or for the right amount.

Frustrated home sellers who might take a turn at acting landlord include people who have to move for a new job, or those who need to upsize or downsize because of changing family situations.

Homeowners who owe much more than their property is worth are also possible candidates, as are those who can’t pay their mortgages because of job loss, sickness or other financial setbacks.

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