Home arrow Message Board arrow Avoiding Foreclosurearrow Facing Foreclosurearrow Fannie Mae offers renting instead of foreclosing
Welcome, Guest. Please login or register.

Login with username, password and session length

 
Advanced search

313 Posts in 221 Topics- by 3249 Members - Latest Member: omillicentwalshg

July 31, 2010, 02:14:30 PM
Home Mortgage Foreclosures ForumAvoiding ForeclosureFacing ForeclosureFannie Mae offers renting instead of foreclosing
Pages: [1]
Send this topicPrint
Author Topic: Fannie Mae offers renting instead of foreclosing  (Read 1919 times)
0 Members and 1 Guest are viewing this topic.
lizandjer
Administrator
Full Member
*****
Posts: 212


View Profile
« on: November 05, 2009, 06:33:43 PM »

Fannie Mae has announced a new policy by which they may give homeowners facing foreclosure the option to rent their homes instead.    The new program called "Deed for Lease" will allow borrowers to transfer ownership to Fannie Mae and sign a 1 year lease with the option to extend on a monthly basis thereafter.  The program is intended to help borrowers who don't qualify for a loan modification remain in their home.

For more information on the program, visit  Fannie Mae's official Deed for Lease site
Logged
Home Mortgage Foreclosures Forum
   


 Logged
Pages: [1]
Send this topicPrint
Jump to: