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Old 01-12-2009, 12:55 PM
Riick's Avatar
Riick Riick is offline
 
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Default FNMA Forclosures - Owners can rent back

http://www.fanniemae.com/newsrelease...=News+Releases

Fannie Mae announced they are continuing the suspension of foreclosure sales & evictions to 1/31/09.


Quote:
The extension will also provide additional time for the company to operationalize its new National REO Rental Policy, which will allow renters in company-owned foreclosed properties to stay in their homes. Details of the new policy are expected to be announced shortly.


Ooops, my mistake, apparently not renting back to OWNERS, but to current tenants.
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Last edited by Riick : 01-12-2009 at 12:56 PM. Reason: error
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Old 01-12-2009, 06:19 PM
Bama Bayou Bama Bayou is offline
 
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Sounds like the beginning of the FNMA "Rent to Own" program.
  #3  
Old 01-12-2009, 06:55 PM
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Mike Garrett, RAA Mike Garrett, RAA is offline
 
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Only fair, in my opinion! Do the tenants pay the rent directly to Fannie Mae?
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